ARAB BANKING: RECENT TRENDS AND PROSPECTS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP83B00851R000200190002-3
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 50
• Document Creation Date: December 21, 2016
• Document Release Date: October 30, 2008
• Sequence Number: 2
• Publication Date: October 1, 1982
• Content Type: REPORT

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Directorate of
Intelligence
Trends and Prospects
Arab Banking: Recent
A Research Paper
State Dept. review completed
Confidential
GI 82-10213
October 1982
Copy 410
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Confidential
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Directorate of Confidential
Intelligence
Arab Banking: Recent
Trends and Prospects
This paper was prepared by
of the Office of Global Issues, with a
contribution from the Office of Central Reference.
Comments and queries are welcome and may be
addressed to the Chief, Trade and Monetary
Branch, Economic Division, OGI,
Confidential
G/ 82-10213
October 1982
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Trends and Prospects
Arab Banking: Recent
Overview There are presently close to 300 Arab-controlled banks with offices in 68
Information available countries. More than three-fourths of these banks, with at least 50-percent
as of 30 August 1982 Arab-owned shares, have been established since the 1973-74 OPEC oil
was used in this report.
price hike, as Arab governments and private individuals invested surplus
funds in the banking sector. In the 1970s, joint ventures with Western
partners were favored, with large European-based consortium banks as the
major international players. Since 1979, however, wholly owned Arab
25X1 banks have been the beneficiaries of new government capital and burgeon-
ing private deposits. Joint ventures are now smaller and usually are formed
with LDC partners as a means of overseeing Arab-funded development
projects.
iii Confidential
GI 82-10213
October 1982
control over their funds.
Despite the rapid growth in numbers, Arab banks operating internationally
have a combined asset value of only about $30 billion, or less than 10 per-
cent of total official OPEC foreign assets. The bulk of overseas OPEC
assets are invested in bank deposits and government securities in the
United States, Western Europe, and Japan. Arab banks lack the skilled
staffs and technical services needed to attract multinational businesses.
OPEC governments, for their part, are unwilling to deposit substantial
funds in banks-even their own-with small capitalizations and do not
want Arab neighbors to have access to financial information or to exercise
but so far this year account for under 15 percent.
percent of Arab syndicated credits during the first seven months of 1982.
OECD countries have generally garnered about 25 percent of Arab loans.
Arab institutions have been particularly active in international syndicated
lending since 1979, with the Arab Banking Corporation and the Gulf
International Bank currently ranked among the top 30 international
Euromarket lenders. Sovereign credit risk requires limited analysis, and
Euromarket lending is an easy way to promote a bank's name. In their dash
to increase their asset base, however, some of these banks have acquired
large exposures in debt-ridden Latin American countries, particularly
Mexico, Brazil, and Argentina. Nonoil LDCs accounted for more than 50
We do not expect Arab banks to challenge the Western banking communi-
ty within the next few years. The lack of skilled banking personnel will con-
tinue to constrain activities these banks can undertake, and we believe
OPEC governments will remain hesitant to direct their assets away from
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Western banks. Such a shift could occur over the longer term, however,
concomitant with the growth in Arab bank expertise. It would certainly be
accelerated by Western government actions that increase Arab uncertainty
over control of funds placed with Western institutions-such as the 1979
US freeze of Iranian assets.
Direct control over a greater share of Arab official and private wealth
could result in increased Arab political influence, particularly among
LDCs. Latin American governments, such as Brazil, which have received
large Arab loans in recent years, no longer regularly cast a pro-Israeli vote
in international forums perhaps because of their increased financial ties
with Arab financial institutions. Arab banks could offer a greater supply of
new credits to favored states and deny funds to governments or firms in dis-
favor. The Arab Banking Corp. (ABC) recently lead-managed Libya's and
Syria's first Euromarket loans in which Western banks elected not to
participate. While Arab banks have not explicitly denied credit on political
grounds, they do not participate in loans to Israel or any firms closely
connected to the Israeli economy.
Confidential iv
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Contents
Arab Banking in Perspective
The Structure of Arab Banks
European Operations
Joint Ventures in the Third World 3
Arab Joint Ventures 4
National Commercial Banks and Investment Institutions 4
Current Activities and Prospects
Syndicated Lending
Geographical Expansion
Bank Management
A. Index of Arab Banks
B. Arab Bank Profiles by Location
1 . Arab Banks: Top 20, by Assets
2. Value of Loans Lead-Managed by Top 10 Arab Banks 7
Distribution of Lead-Managed Loans, by Top 10 Arab Banks 6
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Arab Banking: Recent
Trends and Prospects
Arab Banking in Perspective
Arab participation in international banking was mini-
mal until large balance-of-payments surpluses were
accumulated following the 1973-74 OPEC oil price
increases. During the 1970s the most active Arab
banks were European-based consortiums which com-
bined Western expertise with Arab capital.' Since the
second oil price hike of 1979-80, however, growth has
centered on wholly owned Arab institutions which
have received large government capital injections and
increased private deposits.'
Few Arab banks have accumulated sufficient assets to
rank high on a global scale. Only five Arab banks
have assets exceeding $6 billion. The largest, National
Commercial Bank (NCB) in Saudi Arabia, has assets
of $12.2 billion which makes it about equal to the
24th largest bank in the United States. Owned by two
of the wealthiest Saudi families, NCB has benefited
from burgeoning private deposits and restrictive Saudi
banking regulations which deter competition
The relatively slow growth in assets is due to a
combination of Arab investment policies and a short-
age of trained bank personnel.
Saudi Arabia and other OPEC countries
have tended to limit their deposits in any single
bank-Arab as well as non-Arab-to a specified
percentage of the bank's total capitalization. Al-
though it is the most highly capitalized Arab bank
with assets of $750 million, Arab Banking Corp.
(ABC) ranks only about 75th worldwide. Moreover,
Arab governments are unwilling to deposit substantial
funds in neighboring Arab countries because they do
not want them to have access to financial information
or to exercise control over their funds. Some bankers
believe that ABC could attract more funds if the
'Consortium banks are characterized by a large number of share-
holders who together own the main bank and are part owners of
2 We relied on Western bankers and numerous Western and Arab
bank publications for opinions in this paper. Data provided in about
250 bank profiles presented in appendixes A and B were acquired
Table I
Arab Banks: Top 20, by Assets,
31 December 1981
National Commercial Bank (Saudi Arabia) 12.2
Rafidain Bank (Iraq) 11.5 b
BCCI Holdings (Luxembourg) 7.3
Riyadh Bank (Saudi Arabia) 7.3
National Bank of Kuwait 6.9
National Bank of Abu Dhabi (NBAD) 4.8
(United Arab Emirates)
Union de Banque Arabes et Francaises (France) 5.8
Arab Bank Ltd. (Jordan) 5.4
Gulf Bank (Kuwait) 5.3
Commercial Bank of Kuwait 5.1
Arab Banking Corp. (ABC) (Bahrain) 4.8 b
Gulf International Bank (GIB) (Bahrain) 4.5
Al Ahli Bank (Kuwait) 4.5
Arab African International Bank (Egypt) 3.9
Saudi International Bank (United Kingdom) 3.9
National Bank of Egypt 3.7
National Commercial Bank (Libya) 3.6
Banque MISR (Egypt) 3.4
Commercial Bank of Syria 3.1
Banque Arabe et Internationale d'Investissement 2.5 b
(France)
a Data as of October 1981.
b Data as of December 1980.
25X1
25X1
Libyan Government were not a major shareholder. As
a result, OPEC governments favor larger and more
highly capitalized Western banks. A shortage of
personnel trained in the full range of trade and
contract services has constrained the ability of Arab
banks to attract corporate business. During the 1970s
Arab banks relied on management contracts and
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recruitment of expatriates; today the trend is to train
Arab nationals with the ultimate objective of having a
staff composed entirely of capable Arab bankers. But
until this occurs, even Arab depositors are wary of
financial mismanagement.
Arab banks have been increasingly active in interna-
tional syndicated lending, which does not require
sophisticated financial analysis. Total Arab bank
participation in Euromarket loans amounted to $10.9
billion, nearly double the combined amount of the
preceding two years.' According to the Middle East
Economic Survey, in January-July 1982 Arab lead-
managed loans totaled $7 billion, up from $5.5 billion
during the same period last year. More than 50 banks
are currently active lenders compared with fewer than
10 in the early 1970s; two, the Arab Banking Corp.
and the Gulf International Bank, are among the
largest international lenders.
The Structure of Arab Banks
Generally, Arab banks can be classified into three
broad categories:
(1) Joint ventures of Arab and non-Arab investors.
(2) Arab joint ventures.
(3) National commercial banks and investment
institutions.
Government ownership is widespread in each catego-
ry; 13 of the 20 largest Arab banks listed in table 1
have more than one-third government participation.
Ownership, holdings, and financial data on close to
250 banks can be found in appendixes A and B. F_
European Operations. Although they were the driving
force behind growth in Arab banking in the 1970s,
European-based consortium banks have been less
active in recent years, partly because of management
differences among the numerous shareholders. The
five largest operations are the Union de Banques
Arabes et Francaises (UBAF), Banque Arabe et Inter-
nationale d'Investissement (BAII), FRAB Bank Inter-
national (all of which are based in Paris), the Europe-
an Arab Bank in Brussels, and the Bank of Credit and
' This figure is derived by dividing total Euromarket loans by the
number of lead managers and apportioning the resulting amounts
to the lead-managed Arab banks. While this formula often pro-
duces inflated lending figures, it is the method used by most
bankers because of the difficulty in obtaining detailed participation
figures.
Commerce International (BCCI) in Luxembourg.
FRAB's 51-percent non-Arab share was recently pur-
chased by the National Bank of Kuwait to make it a
wholly Arab-owned consortium. According to press
reports, UBAF and BAII are also Arab takeover
candidates. Except for BCCI, these banks enjoy sig-
nificant participation by state-owned Arab financial
institutions and specialize in Euromarket financing
for Arab public and private borrowers.
UBAF, currently with 60 percent held by Arab
interests and 40 percent by three French banks, is the
largest consortium. In 1980, with 10 years experience
in syndicated lending, UBAF secured the first loan
mandate from China to the international banking
community. Although close to half of its loans have
gone to Arab and OPEC states, it also has managed
loans for Cuba, the USSR, and numerous OECD
countries. A commercial bank, UBAF has steered
away from direct investments except for small partici- 25X1
pation in a few financial institutions, including a
7-percent holding in the Arab Latin American Bank.
UBAF has autonomous affiliates in London, Frank-
furt, Rome, Hong Kong, Tokyo, Bahrain, and Luxem-
bourg whose services for its Arab clients depend on
local business opportunities and regulations. The
UBAF Arab American Bank in-New York is a
commercial bank specializing in the development of
Arab-American business ties. Despite participation by
three major US banks, most of its deposits are from- 25X1
Arab clients, and most of its loans are through the
Euromarket. 25X1
BAII's ownership is exercised through a Luxembourg
holding company, the Compagnie Arabe et Interna-
tionale d'Investissements (CAII), whose shareholders
are equally divided between Arab and non-Arab
investors. Because many of the shareholders are com-
mercial banks, BAII does not engage in commercial
banking but makes investments for its own account
and on behalf of Arab clients. BAII holds more than
6 percent of the US brokerage firm Dean Witter
Reynolds, more than 5 percent of Hill Samuel, a
London merchant bank, and 20 percent of Bahrain-
based Arab Asian Bank. The group owns interests in
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hotels, a commodity trading company (Arabfin), a
Paris real estate company, and BAII insurance in
Bahrain. It manages investments for such wealthy
Arab entrepreneurs as Ghaith Pharaon and provided
financing for the takeover of Washington, DC-based
Financial General Bankshares by private Saudi, Ku-
waiti, and UAE investors. CAII has subsidiaries in
Bahrain and Panama and hopes to open a New York
bank this year
With close to 250 offices in 52 countries, the BCCI
Holdings Luxembourg commercial bank network is
the most extensive. Private Arab investors hold
53 percent of BCCI Holdings, with Sheikh Zayed, the
President of the UAE, the largest individual share-
holder. The next largest investor is the International
Credit and Investment Co. (Overseas) Ltd. of the
Cayman Islands, which is a trust on behalf of BCCI
employees, according to a BCCI executive. Five of
BCCI's 13 subsidiaries are located in LDCs-Came-
roon, Kenya, Swaziland, Zambia, and Zimbabwe-
which have few, if any, international bank branches.
BCCI reportedly attracts substantial deposits from
Asians and Arabs living in the United Kingdom,
where it has 50 branches, and from Sheikh Zayed.
served as financial adviser in the Financial General
25X1 Bankshares takeover and is the only Arab bank
operating in Canada.
Numerous smaller joint ventures with Western banks
have been launched since the mid-1970s. Based in
London, the Saudi International Bank (SIB) is 55 per-
cent owned by the Saudi Arabia Monetary Agency
(SAMA) and two Saudi commercial banks and
45 percent owned by Western banks, of which Mor-
gan Guaranty is the largest shareholder. A training
center for Saudi bankers, SIB is the most successful
Arab bank in attracting corporate clients doing busi-
ness in Saudi Arabia. The majority of its loans are for
projects in OPEC countries. Within the past two
years, Kuwait and Libya have formed three joint
ventures in southern Europe-Banco Arabe Espanol
in Spain, Arab Turkish Bank in Turkey, and Arab
Hellenic Bank in Greece. Kuwait and Libya own
more than 50 percent of each bank's shares and the
host country holds the remainder. These three banks
are specializing in trade financing and development
loans for their host countries.
Joint Ventures in the Third World. Since the mid-
1970s, Arab governments, with Libya and Kuwait
leading the way, have established joint bank ventures
with other Third World countries to oversee Arab-
funded development projects. Kuwait and Libya
helped form and are the largest shareholders in Arab
Latin American Bank (Arlabank) of Peru, with assets
currently valued at $1.5 billion. Established in 1977,
the bank promotes development projects in South
America primarily through loan syndications. Last
year it managed 18 syndicated loans, contributing an
estimated $250 million. Kuwait and Brazil formed the
Arab Brazilian Investment Co. in 1975. Kuwait holds
50 percent of the shares in this bank, which channels
Kuwaiti funds into the Brazilian stock market and
holds long-term equity investments. Iraq and Brazil
are negotiating a joint venture bank; completion of the
agreement depends on Iraq's financial situation after
its war with Iran. 25X1
In addition to these joint ventures in Latin America:
? Libya has established joint ventures with banks in
Togo, Mauritania, Chad, Uganda, and Niger, re-
taining at least 50 percent of each bank's shares.
These banks were set up to channel funds into
industrial and agricultural projects and to promote
political relations between Libya and the host
country.
? Kuwait has formed joint ventures with Senegal and
Tunisia, owning 50 percent of both the Banque
Senegalo-Koweitienne and the Tuniso-Kuwaiti De-
velopment Bank.
? Saudi Arabia has a joint venture with Tunisia, the
Tuniso-Saudi Investment and Development Bank,
but it usually channels development funds through
the more traditional multi-Arab development banks.
? The UAE is negotiating with Tunisia to establish its
first joint venture in an LDC.
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Arab Joint Ventures. OPEC governments are share-
holders in two major banks, Arab Banking Corp. and
the Gulf International Bank (GIB), both headquar-
tered in Bahrain. The recipients of hefty capital
injections since 1979, ABC and GIB are the largest
Arab lenders on the Euromarket. Owned equally by
Saudi Arabia, Kuwait, UAE, Qatar, Oman, Bahrain,
and Iraq, GIB has subscribed capital of $265 million
and is authorized to handle commercial and invest-
ment banking activities. With about one-fourth of its
loans going to OECD countries, GIB enjoys a reputa-
tion among Western bankers as a sound partner in
loan syndications. It has branches in New York,
London, and Singapore.
Abdalla Sa'udi, former chairman of the Libyan Arab
Foreign Bank, set up the ABC in 1980 with an
authorized capital of $1 billion to be provided by
Libya, Kuwait, and UAE. Sa'udi believed that Arab
banks had been constrained by inadequate capital and
that ABC's large base could generate extensive busi-
ness immediately. In its dash to increase assets,
however, we believe the bank has developed a risky
loan portfolio heavily concentrated among debt-
burdened Latin American countries. ABC is part
owner of Arlabank and holds 90 percent of the West
German bank Richard Daus, which has a subsidiary
in Monaco. ABC has branches in New York and
London.
National Commercial Banks and Investment
Institutions. National commercial banks have ex-
panded internationally as a result of higher yields
abroad, increased competition at home, and the desire
of some customers to keep funds overseas and safe
from political instability. Those with the strongest
domestic base are located in Saudi Arabia, Kuwait,
and UAE:
Most banks in Saudi Arabia are privately owned,
including the National Commercial Bank (NCB)--
the largest in the Arab world. NCB was established
in 1938 by the Bin Mohfouz and Kaki families. The
bank is active in the Euromarket and has announced
plans to establish branches in New York and Lon-
don. It maintains representative offices in London,
Frankfurt, Singapore, and Seoul. The Saudi Arabi-
an Monetary Agency regulates the activities of
private banks but owns shares in only one-38
percent of Riyadh Bank. Overseas it controls 50
percent of Saudi International Bank in London.
? In Kuwait the largest bank is the National Bank of
Kuwait (NBK), which has a subsidiary in the Baha-
mas-the NBK First Investment Co.-and a repre-
sentative office in Singapore. Its total assets are
valued at $6.9 billion, making it the fifth-largest
Arab financial institution. Kuwait also has a num-
ber of investment companies, of which the largest
are the Kuwait Foreign Trading Contracting and
Investment Co. (KFTCIC)-80-percent government
controlled-and the Kuwait Investment Co.
(KIC)-50-percent government owned. The
KFTCIC holds most of the government's equity
interests in other financial institutions, including
Arlabank and several ventures with Libya.
? The UAE's key international bank is the National
Bank of Abu Dhabi (NBAD). The government
controls 66 percent of NBAD's shares through its
main investment arm, the Abu Dhabi Investment
Authority. NBAD has international subsidiaries in
a number of cities, including London and Washing-
ton, and frequently conducts financial transactions
for the UAE Government.
? In Jordan, the Arab Bank, Ltd., plays a dominant
role. Founded in 1930 by the Shoman family and
other investors in Jerusalem, it is the grandfather of
Arab international banking. Arab Bank has
branches throughout the Middle East and has built
a sound reputation in the Arab world. Its clients are
drawn mainly from Arab countries, especially those
lacking domestic banking ties with Western Europe.
Current Activities and Prospects
Arab banks are attempting to expand and diversify
their international operations, but in the opinion of
Western bankers, they lack the management skills to
attract corporate clients and open extensive facilities.
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Having accumulated substantial wealth over the past
several years and particularly since the 1979-80 oil
price increase, private Arab citizens have pooled their
financial reserves to form their own investment com-
panies. In addition, the wealthiest Arab businessmen
have created corporations in major financial centers
around the globe to directly control their portfolios.
The favorite locations are Bahrain, the Bahamas,
Cayman Islands, Netherlands Antilles, and Hong
Kong, which offer tax advantages and freedom from
reserve requirements. A few private companies stand
out in size:
? We estimate United Gulf Investment Co., based in
Bahrain but with its operational arm in London, to
be the largest of the collective private Arab firms.
Established last year, it has $300 million in paid-
up capital subscribed by 1,700 Gulf businessmen.
Its focus will be on direct investments, including
full or part ownership of companies and real estate
in the United States and Far East.
? The Kuwait International Investment Co. (KIICJ,
owned by Kuwaiti nationals, has assets of $640
million and manages portfolios valued at $500
million. The KIIC often joins the KFTCIC and KIC
in overseas issues and holds equity in several
international banking institutions, including:
- The Sharjah Group was established in 1976 by
66 Gulf millionaires, 16 of which were mem-
bers of the Kuwaiti royal family. It now has
some 30,000 shareholders and assets worth
$250 million. Most of the Sharjah Group's
investments are in Arab nations.
- The First Arabian Corp. with more than $1
billion in assets is controlled by Roger Tamraz,
a Saudi national. The corporation invests most-
ly in Western Europe and North America and
buys equity in both financial and nonfinancial
institutions. It owns 77 percent of Bank of the
Commonwealth in Detroit.
The Olayan Group created by Suliman Olayan
is one of the largest business empires in Saudi
Arabia. Among its US holdings are shares in
Competrol and the US investment firm of Don-
aldson, Lufkin, and Jenrette. Its most active
investment office, Crescent Diversified, is locat-
ed in New York.
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Distribution of Lead-Managed Loans,
by Top 10 Arab Banks
587696 9-82
The time involved in training managers and in getting
authorization for branches is likely to keep the banks
focused on Euromarket lending as their main interna-
tional activity.
Syndicated Lending. With the large growth in Arab
syndicated lending over the past two years, the share
of total credits going to non-OPEC LDCs has in-
creased markedly (see figure). Receiving less than 10
percent of total Arab loans in 1979, non-OPEC LDCs
garnered 35 to 40 percent in 1980 and 1981 and more
than 50 percent during the first seven months of 1982.
Mexico, Brazil, Chile, Argentina, and Peru were the
beneficiaries of $1.1 billion in loans lead-managed by
the top 11 Arab lenders in January through July
1982.' ABC, GIB, and the Arab Latin American
Bank have been the largest lenders in these markets.
This surge in LDC lending has come largely at the
expense of loans to OPEC members, which before
' Arab Latin American bank ranked 11th with lead-managed
syndicated loans of $160 million in January through July 1982,
1980 usually received well over 50 percent of Arab
syndicated loans. While OECD and East European
countries have lost ground this year, they maintained
fairly stable shares in 1979-81-about 25 percent for
OECD and 8 percent for Eastern Europe. According
to press reports, Kuwaiti institutions are considering a
$250 million loan to Yugoslavia which would be the
first syndicated Arab loan to Eastern Europe since
third-quarter 1981. In July ABC and BAII participat-
ed in a $279 million loan to the Bank for Foreign
Trade of the USSR.
Data for the first seven months of 1982 presented in
table 2 show GIB as the leading Arab lender followed
by National Commercial Bank (NCB) of Jidda. Saudi
American Bank (SAB)--a newcomer to the publicized
syndicated credit market-ranks eighth among the
top 10 leading Arab lenders so far this year. The
majority of NCB and SAB credits have gone for
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Table 2
Value of Loans Lead-Managed by Top 10 Arab Banks
Totals
Arab Banking Corp. (ABC)
Gulf International Bank (GIB)
Arab Bank Ltd.
Kuwait Foreign Trading
Contracting and Investment
Co. (KFTCIC)
7,090
4,455
3,875
1
1,517
1,083
760
2
1,272
771
817
3
1,235
816
190
Al Saudi Banque 5
UBAF Group 6
Banque Arabe et Internationale 9
d'Investissement (BAII)
a As of December 1981.
b Individual totals are derived by dividing the amount of loan by the
number of lead-managers and apportioning the sum to the corre-
sponding Arab banks. Source is the Euromoney Syndication Guide.
Saudi projects. Consortium banks have accounted for
45 percent of Arab lending with Kuwaiti and Saudi
banks each taking about 25 percent of the market.?
Geographical Expansion. Arab banks are now operat-
ing in 68 countries with their heaviest concentration
in Paris, London, and the Middle East. Future expan-
sion is likely to be concentrated in New York, Singa-
pore, and Hong Kong. Although the United States is
extremely attractive because of its political stability
and well-regulated and versatile markets, privacy-a
major concern of Arab banks-has drawn them to
Singapore and Hong Kong. Hong Kong has few
regulations governing its banks, and Singapore models
its controls after Switzerland with an emphasis on
secrecy.
Although close to 10 Arab banks have representative
offices in the United States, only UBAF has estab-
lished a commercial facility. Private Arab investors,
however, have acquired several US banks, the largest
of which is Financial General Bankshares, a Wash-
ington, DC-based multibank holding company. The
recent establishment of International Banking Facili-
ties (IBF), which can engage in offshore Eurocurrency
markets within the confines of the United States,
should encourage a greater Arab banking presence.
25X1
Bank Management. A shortage of skilled managers
continues to restrict the growth of Arab banks. To
alleviate the problem, Arab governments and banks
have begun sponsoring the education of Arab students
in Western and Arab universities and management
training centers. The new Arab Bankers Society
based in London has discussed plans to open its own
management training center. According to Embassy
reports, the Saudi Arabian Government will finance
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half the cost of establishing this center with the
remaining shares paid by member banks. Although
many Arab women have university degrees, often
more advanced than their male counterparts, their
role in banking is restricted by social and Islamic
customs.
The limited pool of skilled Arab bankers is shared
among institutions. More than 100 Arab bankers are
on the boards of at least two banks or financial
institutions. In the privately owned UBAF network,
for example, Dr. Mohammad Mahmud Abu Shadi,
once Chairman of the National Bank of Egypt, is
chairman of both the main UBAF holding company
and its largest commercial bank, UBAF Bank Ltd., in
London. Abdul Majeed Abdul Hameed Shoman runs
the UBAE Arab German Bank and is also the head of
one of the oldest international Arab banks, Arab
Bank Ltd. (Jordan), partly owned by his family.
ministries or central banks on their boards.
men in the top positions of the
government-controlled banks are often political ap-
pointees and ill equipped for their jobs. Two Arab
bankers wielding considerable clout internationally,
however, are Abd al-Wahhab Ali al-Tammar, Chair-
man of the KFTCIC, and Abdallah Sa'udi, Chairman
of the Libyan Arab Foreign Bank. Together they hold
the top positions of ABC, Arlabank, and other inter-
national banks owned jointly by the KFTCIC and the
LAFB. Sa'udi, a Libyan national, is a director of 10
major Arab banks, including three chairmanships and
Outlook
In our judgment, the rapid growth experienced by
Arab joint ventures and European-based consortium
banks in recent years will slow largely because the
richer Persian Gulf states will have much smaller
surpluses which, in turn, will restrict new capital
funds as well as private and public deposits. More-
over, we believe that the investment risk undertaken
in recent years by some banks, such as ABC, cannot
be sustained without damaging their ability to gain
new depositors and business clients. National com-
mercial banks could emerge as the most dynamic
institutions in this decade because of their closer
contact with local business and experience in a broad-
er range of activities. Private investment companies,
which already draw on the most talented Arab exper-
tise, are likely to continue to expand overseas and
effectively institutionalize private wealth, particularly
if current Persian Gulf hostilities persist.
If, over the longer run, Arab banks gain the confi-
dence of OPEC depositors, they could provide OPEC
countries with a means to further Arab political
objectives, including preferential lending to pro-Arab
countries. Western banks would suffer some profit
losses because they would have to pay higher interest
rates to attract funds from alternative sources. If
Arab banks held the bulk of OPEC assets, however,
they would still account for a relatively small portion
of total world bank deposits. Moreover, Arab banks 25X1
would probably have to redeposit most of these funds
in Western banks because their lending networks are
likely to remain too small to place all such funds with
the ultimate borrower.
Arab banks could offer OPEC governments some
protection against future Western attempts to freeze
assets. Since the US freeze of Iranian assets, OPEC
governments are less confident about the security of
their holdings in Western institutions. The increased
political protection Arab banks could provide, howev-
er would not necessarily compensate for the loss in
financial expertise and security. Arab banks are less 25X1
experienced and are relatively small compared with
the major Western banks, and the US securities
market, in particular, offers a wide variety of invest- 25X1
ment options. Moreover, the bulk of OPEC assets are
held by highly conservative investors who would prob-
ably prefer to keep their funds in well-established,
financially sound institutions.
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Confidential
Appendix A
Luxembourg
Egypt
Jordan
Abu Dhabi International Bank (ADIB)
Netherlands Antilles
Arab International Trust SA
Abu Dhabi Investment Co. (ADIC)
United Arab Emirates
Arab Investment Bank
Al Ahli Bank
Kuwait
Arab Jordan Investment Bank SA
Al Bahrain Arab African Bank
Arab Land Bank
(ALBAAB)
Arab Latin American Bank
Al Saudi Banque
France
(ARLABANK)
Al Tajir Bank
Cayman Islands
Arab Libyan Tunisian Bank SAL
Al-Ahli Commercial Bank
Bahrain
Arab Multinational Finance Co. SA
Al-Bank al Ahli al-Omani SAO
Oman
Arab National Bank
Al-Bank al-Saudi al-Fransi
Saudi Arabia
Arab Solidarity Bank
Al-Bank al-Saudi al-Hollandi
Saudi Arabia
Arab Trust Co. KSC
Al Ahli Bank CSC
United Arab Emirates
Arab Turkish Bank
Al Ahli Kuwait Holdings BV
Netherlands
Artoc Bank and Trust Ltd.
Al Ahli Kuwait International Holdings
Netherlands Antilles
Bahrain and Middle East Bank
NV
Bahrain International Bank (BIB)
Alef Investment Bank
France
Bahrain Investment Co. BSC
Alexandria Kuwait International Bank
Egypt
Bahrain Islamic Bank BSC
Allied Arab Bank Ltd.
United Kingdom
BAII (Middle East) Inc. EC
Arab African International Bank
AAIB
Egypt
BAII-Hill Samuel Corp. EC
(
)
B
A
b
E
l SA
A
A
b A
i
B
k
AAB
anco
ra
e
spano
(
resbank)
ra
s
an
an
(
)
Bahrain
B
di
S
A
b B
k L
d
anco
au
Espanol SA (Saudesbank)
ra
an
t
.
Jordan
B
k
l
J
i
A
b B
k
O
L
d
an
a
-
az
ra
ra
an
verseas)
(
t
.
Switzerland
B
k
l
M
h
k SAL
A
b B
k f
an
a
-
as
re
ra
an
or Investment and Foreign
Trade (ABIFT)
United Arab Emirates
Bank for Saudi-Swiss Trade and
Fi
A
b B
k I
C
nance
ra
an
nvestment
o.
Ltd. (ABIC)
Bank of Alexandria
Arab Bank Maroc SA
Morocco
Bank of Bahr.:in and Kuwait (BBK)
Arab Bank Tunisie (ABT)
Tunisia
Bank of Beirut and the Arab Countries
A
b B
ki
C
ABC
ra
an
ng
orp. (
)
Bahrain
B
k
f B
i
8
A
b E
i
I
an
o
e
rut
AL
ra
m
rates
nvestments Ltd.
United Arab Emirates
B
k
f C
di
d
Arab European Financial Management
C
SAK
Kuwait
an
o
re
t an
Commerce Interna-
tional (BCCI) SA
o.
B
f
Arab Finance Corp.
Lebanon
ank o
Credit and Commerce Interna-
tional (Lebanon) SAL
Arab Finance Corp. (International) SA
Luxembourg
Bank of Credit and Commerce Interna-
Arab Financial Consultants Co. SAK
Kuwait
tional (Nigeria) Ltd.
Arab Hellenic Bank
Greece
Bank of Credit and Commerce Interna-
Arab International Bank (AIB)
Egypt
tional (Overseas) Ltd.
Egypt
Peru
Lebanon
Luxembourg
Saudi Arabia
Cayman Islands
Kuwait
Turkey
Bahamas
Bahrain
Bahrain
Bahrain
Bahrain
Bahrain
Bahrain
Spain
Spain
Saudi Arabia
Lebanon
Switzerland
Egypt
Bahrain
Lebanon
Lebanon
Luxembourg
Lebanon
Nigeria
Cayman Islands
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 Approved For Release 2008/10/30: CIA-RDP83B00851 R000200190002-3
Bank of Credit and Commerce MISR
(BCCM)
Bank of Jordan Ltd.
Bank of Kuwait and the Middle East
(BKME)
Bank of Maghreb Arab Cooperation
(Tuniso-Algerian)
Bank of Oman and the Gulf SAO
Bank of Oman Bahrain and Kuwait
SAO
Bank of Sharjah Ltd.
Bank of the Arab Coast
Banque Arabe et Internationale
d'Investissement (BAII)
Banque Arabe Libyenne Mauritan-
ienne Pour le Commerce Exterieure
Commerce Exterieur
Banque Arabe Privee
Banque Audi SAL
Banque Beyrouth Pour le Commerce
Banque de Commerce et de Placements
Banque de Credit National SAL
Banque de Financement SAL
Banque de l'Industrie et du Travail
Banque de l'Orient et d'Outre-Mer
(Banorabe)
Banque de la Bekaa SAL
Banque de la Mediterranee France SA
Banque de la Mediterranee SAL
Banque du Caire et de Paris SAE
Banque du Caire SAE
Banque du Credit Populaire SAL
Banque du Liban et d'Outre-Mer SAL
Banque Franco- Koweitienne
Banque G Trad-Credit Lyonnais SAL
Banquelntercontinentale Arabe (BIA)
Egypt
Banque Libanaise Pour le Commerce
SAL
Banque MISR
Egypt
Banque MISR-Liban SAL
Lebanon
Banque Senegalo-Koweitienne
Senegal
Kuwait
Banque Tohme SAL
Lebanon
BCCI C
d
I
Canada
ana
a
nc.
BCCI Finance International Ltd.
Hong Kong
Tunisia
BCCI Holdings (Luxembourg) SA
Luxembourg
Beirut Riyad Bank SAL
Lebanon
Oman
Oman
Burgan Bank
Kuwait
Byblos Arab Finance Bank (Belgium)
Belgium
SA
Byblos Arab Financing Holding SA
Luxembourg
Cairo Amman Bank
Jordan
Cairo Barclays International Bank
Egypt
Cairo Far East Bank
Egypt
France
Chase National Bank (Egypt) SAE
Egypt
Commercial Bank of Dubai Ltd. (CBD)
United Arab Emirates
Mauritania
Commercial Bank of Kuwait (CBK)
Kuwait
Commercial Bank of Oman Ltd.
Oman
Commercial Bank of Qatar
Qatar
Commercial Bank of Syria
Syria
Lebanon
Community State Bank
United States
Lebanon
Compagnie Arabe et Internationale
Luxembourg
d'Investissement (CAII)
Switzerland
Compagnie Financiere de la Mediter-
Lebanon
ranee SA
Lebanon
Compagnie Fonciere Arabe Interna-
Lebanon
tionale
Continental Bank Ltd.
Bahrain
France
Credit International d'Egypte SAE
Egypt
Credit Libanais SAL
Lebanon
Lebanon
Dar al Maal al Islami (DMI)
Bahamas
France
Delta International Bank
Egypt
Lebanon
Doha Bank Ltd.
Qatar
Egypt
Dubai Bank Ltd.
United Arab Emirates
Dubai Islamic Bank
United Arab Emirates
Lebanon
Eastern Shore National Bank
United States
Lebanon
Egyptian American Bank SAE
Egypt
France
Emirates Commercial Bank Ltd.
United Arab Emirates
Lebanon
Emirates National Bank Ltd.
United Arab Emirates
France
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 Approved For Release 2008/10/30: CIA-RDP83B00851 R000200190002-3
Confidential
Emirates-Tunis Bank
Tunisia
Jamahiriya Bank
Libya
European Arab Bank (Brussels) SA
Belgium
Jammal Trust Bank SAL
Lebanon
European Arab Bank (Middle East) EC
Bahrain
Jordan Islamic Bank for Finance and
Jordan
Investment
European Arab Bank GMBH
West Germany
European Arab Bank Ltd.
United Kingdom
Jordan National Bank SA
Jordan
European Arab Holding SA
Luxembourg
Jordan
Jordan Securities Corp.
Faisal Islamic Bank (Sudan)
Sudan
SA
Jordan
Jordan-Gulf Bank
Faisal Islamic Bank of Egypt
Egypt
Khalij Commercial Bank Ltd.
United Arab Emirates
Federal Bank of Lebanon SAL
Lebanon
E
i
Kuwait Asia Bank
Bahrain
Federal Commercial Bank Ltd.
rates
m
United Arab
KFC
Kuwait
)
Kuwait Finance Centre (
Financial General Bank Shares (FGB)
United States
KFH
Kuwait
)
Kuwait Finance House (
Financial Group of Kuwait
Kuwait
Kuwait Foreign Trading Contracting
Kuwait
Finarab Investment Co. NV
Netherlands Antilles
and Investment Co. (KFTCIC)
First American Bank of the District of
United States
Kuwait International Finance
Kuwait
Columbia
(KIFCO)
Co
First American Bank of Maryland
United States
.
Kuwait International Investment
Kuwait
First American Bank of Virginia
United States
Co.(KIIC)
First Arabian Corp.
Luxembourg
Kuwait Investment Co. (KIC)
Kuwait
First Gulf Bank
United Arab Emirates
Kuwait Real Estate Bank (KREB)
Kuwait
First National Bank of Lexington
United States
Lebanese Arab Bank (France) SA
France
FRAB (Franco-Arabe d'Investissement
France
Lebanese Arab Bank SAL
Lebanon
Internationaux) Bank International
Libyan Arab Foreign Bank (LAFB)
Libya
FRAB Bank (Middle East)
Bahrain
Libyan Arab Uganda Bank for Foreign
Uganda
FRAB Holding
Luxembourg
Trade and Development
Great Western Bank and Trust
United States
Lincoln National Bank
United States
Mediterranee Investors Group SA
Luxembourg
Gulf Bank
Kuwait
Middle East Bank Ltd.
United Arab Emirates
Gulf International Bank (GIB)
Bahrain
Middle East Banking Co. SAL
Lebanon
Gulf Riyad Bank
Bahrain
(MEBCO)
Hong Kong Metropolitan Bank
Hong Kong
Middle East Finance International Ltd.
Hong Kong
Ltd.
MISR America International Bank SA
Egypt
MISR International Bank SAE
Egypt
International Bank of Yemen
North Yemen
(MIBANK)
International Financial Advisors
Kuwait
MISR Iran Development Bank
Egypt
International Resources and Finance
MISR Romanian Bank SAE
Egypt
Bank SA
National Bank of Abu Dhabi (NBAD)
United Arab Emirates
International Trade and Investment
National Bank of Bahrain (NBB)
Bahrain
Bank SA
NBD)
d
i L
United Arab Emirates
. (
t
National Bank of Duba
Intra Investment Co. SAL
Lebanon
National Bank of Egypt
Egypt
Investment Bank for Trade and
United Arab Emirates
Finance LLC
National Bank of Georgia
United States
Islamic International Bank
National Bank of Kuwait (NBK)
Kuwait
Islamic Investment Co.
Bahamas
National Bank of Oman Ltd. SAO
Oman
Islamic Investment House
Jordan
National Bank of Ras al-Khaimah PSC
United Arab Emirates
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 Approved For Release 2008/10/30: CIA-RDP83B00851 R000200190002-3
Bank
National Bank of Sharjah
United Arab Emirates
Tuniso-Kuwaiti Development Bank
Tunisia
National Bank of Yemen
South Yemen
Tuniso-Qatari Bank
Tunisia
National Commercial Bank
Libya
Tuniso-Saudi Investment and Develop-
Tunisia
National Commercial Bank (NCB)
Saudi Arabia
National Societe Generale Bank SAE
Egypt
UBAC Curacao NV
Netherlands Antilles
Nile Bank SAE
Egypt
UBAC Nederland BV
Netherlands
Oman Arab African Bank
Oman
UBAE Arab German Bank
Luxembourg
Oman International Finance Ltd.
Hong Kong
UBAF Arab American Bank
United States
Peoples National Bank of Leesburg
United States
UBAF Bank Ltd.
United Kingdom
Petra Bank
Jordan
UBAF Financial Services Ltd.
United Kingdom
Petra Capital Corp.
United States
UBAN Arab Japanese Finance
Hong Kong
Qatar National Bank
Qatar
Ltd.
Rafidain Bank
Iraq
UBIC Curacao NV
Netherlands Antilles
Richard Daus and Co.
West Germany
UBIC Nederland BV
Netherlands
Rifbank SAL
Lebanon
Umm al-Qaiwain National Bank
United Arab Emirates
(UAQNB)
Riyad Bank
Saudi Arabia
Umma Bank SAL
Libya
Round Hill National Bank
United States
Union Bank of Oman OSC
Oman
Sahara Bank
Libya
Union Bank of the Middle East
United Arab Emirates
Saudi American Bank (SAB)
Saudi Arabia
Ltd.
Saudi Arab Finance Corp.
Luxembourg
Union de Banque Arabes et Francaises
Saudi Arabian Investment Co.
Saudi Arabia
(UBAF)
Saudi British Bank
Saudi Arabia
Unione di Banche Arabe et Europee
(UBAE Arab Italian Bank)
Saudi Cairo Bank
Saudi Arabia
Saudi European Bank
France
United Arab Bank
United Arab Emirates
United Bank of Kuwait (UBK)
United Kin
dom
Saudi International Bank (al-Bank al-
United Kingdom
g
Saudi al-Alami Ltd.)
United Bank of Lebanon and Pakistan
Lebanon
Saudi International Bank (Nassau) al-
Bahamas
Bank al-Saudi al-Alami Ltd.
United Egyptian Kuwaiti Bank
Kuwait
Saudi Investment Banking Corp.
Saudi Arabia
United Gulf Bank
Kuwait
(SIBC) __
United Saudi Commercial Bank
Saudi Arabia
Saudi Lebanese Bank for the Middle
France
(USCB)
East
United Trading Group Foreign
Shenandoah Valley National Bank
United States
Exchange
Societe Arabe Internationale de
Egypt
Valley Fidelity Bank and Trust
Banque (SAIB) SAE
Co.
Societe Bancaire Arabe
Valley National Bank
United States
Suez Canal Bank
Egypt
Wahda Bank
Libya
Syrian-Jordanian (Commercial) Bank
Jordan
Yemen Bank for Reconstruction and
North Yemen
Syro-Lebanese Commercial Bank SAL
Lebanon
Development
Yemen Kuwait Bank for Trade and
Trans Arabian Investment Bank EC
Bahrain
(TAIB)
Investment YSC
a Fifty percent or more of capital stock are Arab owned.
See appendix B for more detailed information.
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 Approved For Release 2008/10/30: CIA-RDP83BOO851 R000200190002-3
Appendix B
Arab Bank Data Profiles, by Location
Bank
Date
Estab.
Shareholders
(percent)
Assets/
Date
Holdings (percent)
Artoc Bank and Trust Ltd.
1977
Arab Multinational Finance Co. 20
Arab European International Trading Co. 20
Societe Financiere Immobiliere 20
Fahad al-Ahmad al-Jabar al Sabah 7.5
Yom Finance 10
Khaled Salim Bin Mahfouz 2.5
Banco Ambrosiano Overseas 20
249/
Dec 1980
Dar al Maal al Islami (DMI)
1981
Islamic Investment Co.
Royalty from Bahrain, Egypt, Guinea, Kuwait,
Malaysia, Pakistan, Qatar, Saudi Arabia, Sudan,
UAE (percents NA)
Islamic Investment Co.
1979
Prince Mohammad al-Faisal of Saudi Arabia
Group of Arab Investors (percents NA)
NA/NA
Dar al Maal al Islami (DMI) (percent NA)
7
Saudi International Bank
(Nassau)
1979
Saudi International Bank 100
37/
Dec 1980
Al Bahrain Arab African Bank
(ALBAAB)
1979
Arab African International Bank (AAIB) 81.7
Arab Multinational Finance Co. 5.7
Central Bank of Egypt 5.4
Kuwait Ministry of Finance (KMOF) 5.4
Rafidain Bank 1.3
Central Bank of Algeria 0.3
Jordan Ministry of Finance (JMOF) 0.1
Bank al-Jazira 0.1
733/
Dec 1981
216/
Dec 1981
Arab Asian Bank (AAB)
1981
Arab Asian Investment Co. 30
Baii Trust Co. 20
Woodward and Dickson (Hong Kong) 10
Arab Malaysian Development Bank 10
Bin Mahfouz Group 25
Others 5
554/
Dec 1981
Arab Asian International Hong Kong
30
Arab Banking Corp. (ABC)
1980
Kuwait 33.3
Libya 33.3
United Arab Emirates 33.3
4,788/
Dec 1980
Arab Latin American Bank 10
Richard Daus Group
750
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 Approved For Release 2008/10/30: CIA-RDP83B00851 R000200190002-3
Arab Bank Data Profiles, by Location (continued)
Bahrain (continued)
Bahrain and Middle East Bank
NA
Gulf Financial Centre 54
Private investors from Bahrain 25
Kuwait and UAE investors 21
Bahrain International Bank
(BIB)
1982
Private investors from Gulf countries
Bahrain Investment Co. BSC
1977
Private investors from Bahrain 100
427/
Dec 1980
Bahrain Islamic Bank BSC
1979
Bahraini merchants
Ministry of Justice and Islamic Affairs
General Organization for Social Insurance
Kuwait Finance House
Kuwait Ministry of Justice and Islamic Affairs
Kuwait Ministry of Finance
Dubai Islamic Bank
Islamic Development Bank
BALI (Middle East) Inc.
1976
Compagnie Arabe et Internationale
5/
Dec 1979
Arab Leasing (Holdings) 12.9
Bank of Bahrain and Kuwait
(BBK)
1978
Private investors from Bahrain 50
BNK, CBK, Al Ahli Bank, Gulf Bank, Bank of
Kuwait and the Middle East (BKME), Burgan
Bank-6.75 each
KIC 3.75
KFTCIC 3.75
KIIC 2
1,682/
Dec 1981
Kuwait-Asia Bank (KAB)
Bank of Oman Bahrain and Kuwait 49
Continental Bank Ltd.
1976
Private investors from Bahrain 50
Continental Illinois National Bank and Trust Co.
of Chicago 50
European Arab Bank (Middle
East) EC
1979
Luxembourg's European Arab Holdings owns all
but one of the bank's 50 thousand shares 100
European Arab Finance of Bahrain NEGL
177/
Dec 1979
FRAB Bank (Middle East)
NA
FRAB Holding 100
275/
Dec 1981
8
 Approved For Release 2008/10/30: CIA-RDP83B00851 R000200190002-3
Gulf International Bank
(GIB)
1975
Bahrain 14.3
Iraq 14.3
Kuwait 14.3
Oman 14.3
Qatar 14.3
Saudi Arabia 14.3
United Arab Emirates 14.3
4,500/
Dec 1981
Kuwait Asia Bank
1981
CBK 8.4
Industrial Bank of Kuwait 8.4
Al Ahli Bank 8.4
KREB 8.4
National Bank of Bahrain 8.4
Bank of Bahrain and Kuwait 8.33
Kuwait Public Institute for Social Services 15
KIIC 15
4 Kuwaiti insurance companies 20
37/
Dec 1981
Dec 1981
Arab Latin American Bank (Arlabank) 1
FRAB Bank International
Trans Arabian Investment Bank
EC (TAIB)
1979
Prince Saud Bin Naif Abdel-Aziz 5
Abdullah M. Baroum 20
Ali and Fahd Shobokshi 15
Abdel-Rahman al-Jeraisy, Amin Jamil Dehlawi,
Rashid Abdel-Aziz al-Humaid, Ibrahim Abdel-
Mohasen al-Sultan, Mansour Badr, Dr. Salah
Moh Khater, Rashid Omran Co.-5 each
Bilmat 10
Others 5
141/
Jun 1981
Paris-TAIB Management Co.
Byblos Arab Finance Bank
(Belgium) SA
1976
Byblos Arab Financing Holding (Luxembourg)
SA
Byblos Bank Sal, Francois S. Bassil, Khalila M.
Abu-Hamad, Joseph T. Geagea, Abdullah W.
Tamari, Faisal Ali M. Tabsh (percent NA)
194/
Dec 1981
European Arab Bank
(Brussels) SA
1972
European Arab Holding SA 100,
1,262/
Dec 1980
Canada
BCCI Canada Inc.
NA
BCCI Holdings (Luxembourg) SA 50
NA/NA
Cayman Islands
Arab Solidarity Bank
1978
NA/NA
15
Bank of Credit and Commerce
International (Overseas) Ltd.
1975
BCCI Holdings (Luxembourg) Ltd. 100
3,919/
Dec 1979
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 Approved For Release 2008/10/30: CIA-RDP83B00851 R000200190002-3
Arab Bank Data Profiles, by Location (continued)
Bank
Date
Estab.
Shareholders
(percent)
Assets/
Date
Holdings (percent)
Alexandria Kuwait Inter-
national Bank
1978
Bank of Alexandria 25
Sharjah Group 10
Bank for Development and Agricultural Credit 5
Kuwaiti Egyptian Real Estate Development Con-
sortium 5
Others 55
224/
Dec 1981
Arab African International
Bank (AAIB)
1964
Kuwait Ministry of Finance 42.4
Central Bank of Egypt 42.4
Rafidain Bank 10
Central Bank of Algeria 2
Jordan Ministry of Finance I
Al-Jazira Bank 1
Qatar Finance Ministry 0.5
Others 0.7
3,861/
Dec 1981
Al Bahrain Arab African Bank
(ALBAAB) 81.67
UBAN Arab Japanese Finance Ltd. 7
Arab Multinational Finance Co. 36.14
Oman Arab African Bank 60
112
Arab International Bank (AIB)
1971
Egypt 28.8
Libya 28.8
UAE 28.8
Oman 4.8
Qatar 4.8
Private Arab investors 4.2
1,100/
Dec 1981
Arab International Co. for Hotels and
Tourism 100
Arab Latin American Bank (Arlabank) 2.5
Suez Canal Bank 11
European Arab Holdings
100
Arab Investment Bank
1978
Federation of Arab Republics 100
102/
Dec 1980
13
Arab Land Bank
1947
Egyptian-Jordanian Joint Venture 100
23/NA
3
Bank of Alexandria
1957
Government of Egypt 100
1,823/
Dec 1980
MISR Iran Development Bank 25
Alexandria Kuwait International Bank 25
Egyptian American Bank 51
Suez Canal Bank 11
14
Bank of Credit and Commerce
MISR (BCCM)
1981
BCCI (Luxembourg) as head office joint venture
with Middle East investors
350/
Sep 1981
Banque du Caire et de Paris
SAE
1977
Banque du Caire 51
Banque Nationale de Paris 49
39/
Dec 1980
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 Approved For Release 2008/10/30: CIA-
Banque du Caire SAE
1952
Government of Egypt 100
2,436/
Boskalis Westminster
Jun 1980
United Egypt Kuwait Bank 25
Cairo Amman Bank 12
Banque du Caire et de Paris 51
Saudi Cairo Bank 40
Cairo Barclays International Bank 50
Cairo Far East Bank
Suez Canal Bank 11
Banque MISR
1920
Government of Egypt 100
3,425/
MISR International Bank 47
NA
Jun 1981
Suez Canal Bank 11
Banque MISR Iran SAL 80
Cairo Barclays International
1975
Barclays Bank International Ltd. 50
139/
Bank SAE
Banque du Caire 50
Dec 1980
Cairo Far East Bank
NA
Banque du Caire
108/
Al-Sharq Insurance Co.
Korea Exchange Bank
Dec 1980
Chase National Bank (Egypt)
1975
National Bank of Egypt 51
419/
SAE
Chase Manhattan Bank North America 49
Dec 1980
Credit International D'Egypte
1978
National Bank of Egypt 50
60/
SAE
Credit Commercial de France 40
Handels-und-Frankfurter Bank 10
Dec 1980
Delta International Bank
1978
Egyptian institutions and private investors 60
200/
Other private Arab investors 30
Foreign shareholders 10
Dec 1981
Egyptian American Bank SAE
1976
American Express International Banking Corp. 49
257/
Bank of Alexandria 51
Jun 1981
Faisal Islamic Bank of Egypt
1977
Private investors from Egypt and Ministry of
394/
AWQAF 51
Saudi and other Arab investors 49
Nov 1980
MISR America International
1977
Bank of America NT and SA 40
83/
Bank SA
MISR Insurance Co. 25
Development Industrial Bank 26
Kuwait Real Estate Bank (KREB) 4.5
First Arabian Corp. 4.5
Dec 1980
MISR International Bank SAE
1976
Banque MISR 47
213/
(MIBANK)
First National Bank of Chicago 20
Banco di Roma Holdings 7.38
UBAF Bank Ltd. 8.5
Europartners Holdings 10.5
MISR Insurance 4
Mitsui Bank 2.65
Dec 1980
MISR Iran Development Bank
1975
Bank Melli Iran 12.5
217/
Industrial and Mining Development Bank of Iran
Jun 1980
12.5
MISR Insurance Co. 37.5
Bank of Alexandria 37.5
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 Approved For Release 2008/10/30: CIA-RDP83B00851 R000200190002-3
Arab Bank Data Profiles, by Location (continued)
Bank
Date
Estab.
Shareholders
(percent)
Assets/
Date
Holdings (percent)
MISR Romanian Bank SAE
1977
Banque MISR 51
Romanian Bank for Foreign Trade 19
Bank for Agriculture and Food Industry 15
Investment Bank 15
315/
Dec 1981
National Bank of Egypt
1898
Government of Egypt 100
3,748/
Dec 1978
Chase National Bank (Egypt) 51
Multitrade Holdings 20
Credit International D'Egypte SAL 50
National Societe Generale Bank SAE 51
Societe Arabe Internationale de Banque
(SAIB) 8.34
Suez Canal Bank 11
European Arab Holdings 4.4
10
National Societe Generale Bank
SAE'
1978
National Bank of Egypt 51
Societe Generale 49
NA/NA
I
217/
Dec 1981
Societe Arabe Internationale de
Banque (SAIB) SAE
1977
Compagnie Arabe de Financement International
75
National Bank of Egypt 8.34
MISR Insurance 8.33
Arab Contractors Investment Co. 8.33
160/
Dec 1981
Suez Canal Bank
1978
Arab International Bank 11
MISR Insurance 12
Banque MISR 11
Banque du Caire 11
Bank of Alexandria 11
National Bank of Egypt 11
Arab Contractors Co. Pension Fund 5.5
Suez Canal Authority 5.5
Others 22
491 /
Dec 1980
France
Al Saudi Banque
1976
Saudi Arab Finance Corp. 75
Banque de 1'Union Europene 10
Arab Finance Corp. International 7.5
Manufactures Hanover Holdings 7.5
870/
Dec 1980
Saudi Finance Corp. SA Geneva 50
5
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1979
Six Saudi Arabian shareholders
NA/NA
Alef Investment Corp. (Netherlands
Antilles) 100
2
Banque Arabe et Internationale
d'Investissement (BALI)
1973
Compagnie Arabe et Internationale
d'Investissement (CAII) 100
2,539/
Dec 1980
Banque Arabe Privee 100
Arab Asian Bank 20
95
Banque Arabe Privee
1979 .
Banque Arabe et Internationale d'Investissement
(BAII) (percent NA)
48/
Dec 1980
Banque de ]'Orient Arabe et
d'Outre-Mer (Banorabe)
1976
Banque du Liban et d'Outre mer Swiss
Arab and African Investors (percent NA)
164/
Dec 1980
Banque de la Mediterranee
(France) SA
1976
Fidelity Bank
United Trading Group Foreign Exchange
Mediterranee Investors Group SA (percent NA)
376/
Dec 1980
1980
Pearl Holding (Luxembourg) 80
Credit Industriel et Commercial of France 20
283/
Dec 1981
Banque Intercontinentale
Arabe (BIA)
1975
Banque Exterieure d'Algerie 50
Libyan Arab Foreign Bank (LAFB) 50
1,590/
Dec 1980
Arab Latin American Bank (Arlabank) 2.5
22
Compagnie Financiere del la
Mediterranee SA
1976
Mediterranee Investors Group SA 100
Mediterranee Investors Group US
117/
Dec 1980
Banque de la Mediterranee Beirut
12
Compagnie Fonciere Arabe
Internationale
NA
Arab Real Estate Finance and Investment Co. 65
Others 35
NA/NA
BAII 100
FRAB (Franco-Arabe
d'Investissement Internation-
1969
KFTCIC and other Kuwaiti investors 24
First Arabian Corp. and other Saudi interests 9
National Bank of Bahrain and FRAB Holding
and other Arab investors 16
National Bank of Kuwait 51
790/
Dec 1980
1979
Compagnie Financiere d'Ifabanque 70
Banque Worms 15
Robert Fleming and Company Ltd. 15
78/
Dec 1980
Lebanese Arab Bank (France)
SA
1977
Lebanese Arab Bank SAL 20
Others 80
1979
12 Saudi Arabian investors
NA/NA
Saudi Lebanese Bank for the
Middle East
1976
Societe Libanaise d'Investissements
International 37
RBH Holding 33
Sheikh Mohammad Mansour al-Roumaih 10
Sheikh Mohammad Ibn Saleh Ibn Sultan 20
227/
Dec 1981
1978
Bahadine Bassatne 20
Harb al-Zuhair 20
Banque Worms 10
Banque de I'Union Occidentale 10
Muram Shammas 10
Shammaas Economic Institute 10
Arab International Development and Investment
Co. 5
Al-Nafal Commercial and Investment Corp. 5
Others 10
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Arab Bank Data Profiles, by Location (continued)
Date
Estab.
Shareholders
(percent)
Assets/
Date
Holdings (percent)
France (continued)
Union de Banque Arabes et
Francaises (UBAF)
1970
UBAC Nederland BV (Arab investors) 60
Credit Lyonnais 30
Banque Francais du Commerce Exterieure 8
Banque Generale du Phenix 2
5,847/
Dec 1981
UBAE Arab German Bank 37.5 44
UBAE Arab Italian Bank
UBAF Mexican Bank
Arab Latin American Bank 7
UBAF Arab American Bank
UBAF Financial Services Ltd. 25
UBAF Group Holding (Panama) 70
UBIC Curacao NV 100
Greece
Arab Hellenic Bank
1979
National Bank of Greece 40
Libyan Arab Foreign Bank (LAFB) 30
KFTCIC 10
KIC 10
Al Ahli Bank of Kuwait 5
Burgan Bank SAK 5
50/
Apr 1981
Hong Kong
BCCI Finance International
1974
BCCI Holding (Luxembourg) SA 100
177/
Hong Kong Metropolitan Bank
Ltd.
NA
BCCI Holdings (Luxembourg) SA 51
Others 49
131/
Dec 1979
Middle East Finance Interna-
tional Ltd.
1979
Maud M. Al-Futtaim 75
Middle East Bank 25
Oman International Finance
Ltd.
1978
Bank of Oman 100
NA/NA
2
UBAN Arab Japanese Finance
Ltd.
1974
UBIC Nederland BV 15
Al Ahli Bank of Kuwait 7
AAIB 7
Arab Bank Ltd. 7
LAFB 7
NBAD 5
Riyad Bank 5
Banque Audi SAL 2.5
Sudan Commercial Bank 2.5
Yemen Bank for Reconstruction
and Development 2
Five Japan banks 36
Others 4
351/
Dec 1979
UBAF Arab American Bank 0.5
UBAF Financial Services Ltd. 2.5
4
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 Rafidain Bank
1941
Government of Iraq 100
11,541/
Dec 1980
Arab African International Bank (AAIB)
10
Al Bahrain Arab African Bank (ALBAAB)
1.28
Housing Bank of Jordan
UBAF 3.8
167
Unione di Banche Arabe et Eur-
opee (UBAE Arab Italian Bank)
1972
UBIC Nederlands BV 51
Libyan Arab Foreign Bank (LAFB) 7
Eight Italian Banks 42
506/
Dec 1980
UBAF Financial Services Ltd. 2.5
UBAF Arab American Bank 0.5
12
Arab Bank Ltd.
1930
Shoman family 20
Other private Arab investors 80
5,421/
Jun 1981
Arab Bank Investment Co. 100
Arab Bank Maroc 50
ABAE Arab German Bank 33.3
Arab Jordan Investment Bank 0.2
Arab National Bank and Arab Bank
(Nigeria) 40 each
UBAN Arab Japanese Financial Ltd. 7
Arab Bank Tunisie 60
180
Arab Jordan Investment Bank
SA
1978
Qatar National Bank 10.7
ADIA 10
AIC 10
LAFB 10
NCB, Jeddah 5
Housing Bank 4
Arab Bank Ltd. 2
Petra Bank 2
Jordan Insurance Co. 2
Jordan National Bank 1.5
Bank of Jordan 1
Cairo Amman Bank 1
Government Pension Fund 1
Others 39.8
158/
Mar 1980
Bank of Jordan Ltd.
1960
Private investors from Jordan 100
143/
Dec 1980
Arab Jordan Investment Bank 1
5
Cairo Amman Bank
1960
Private investors from Jordan 88
Banque du Caire 12
234/
Dec 1980
Arab Jordan Investment Bank
Jordan Islamic Bank for
Finance and Investment
1979
Government of Jordan 100
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Arab Bank Data Profiles, by Location (continued)
Bank
Date
Estab.
Shareholders
(percent)
Assets/
Date
Holdings (percent)
Jordan Kuwait Bank
1976
Sufian Abrahim Yasin 18
Sheik Nasser al-Ahmad al-Sabah 5.8
Abdel-Aziz and al-Yousef al-Muzainia Co. 2
Musa'Ed al-Saleh Real Estate Co. 3
Sheik Salem Ali al-Sabah 2
Balasem Trading Co. 2
Kuwait Fisheries Co. 2
Others 65.3
215/
Dec 1981
Compagnie Financiere d'Ifabanque
(percent NA)
14
Jordan National Bank SA
1956
Jordanian and private Arab investors 100
270/
Dec 1980
Al Ahli Bank CSC 25
Arab Jordan Investment Bank 1.5
Jordan Securities Corp.
NA
International Finance Corp. 10
Kuwait International Investment Co. (KIIC) 10
European Arab Bank 5
Samuel Montague and Co. Ltd. 5
Gefinor Group (Lebanese investors) 2
Others 68
Jordan-Gulf Bank SA
1977
Private investors in Jordan 60
Private investors in Kuwait and UAE 40
182/
Dec 1980
Petra Bank
1977
Jordanians 60
Beirut Middle Eastern Banking Co. (MEBCO)
and Socoti (Geneva-based) 20 between them
Other Arab investors 20
167/
Dec 1980
Jordan Securities Corp.
Jordan Medical Corp.
Arab Jordan Investment Bank 2
Syrian-Jordanian (Commercial)
Bank
1979
Central Bank of Jordan 35
Pension fund 15
Popular Credit Bank 20
Postal Savings Funds 20
Real Estate Bank 10
35/
Jun 1981
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Al Ahli Bank
1967
Private investors in Kuwait 100
4,496/
Dec 1981
Arab Co. for Trading Securities 10
Al Ahli Kuwait International Holding 100
Pearl Holding (Luxembourg) 20
Arab Hellenic Bank 5
Bank of Bahrain and Kuwait 6.75
Industrial Bank of Kuwait 4.4
UBAC
KAB
UBIC
Banque Internationale Arabe de Tunisie
4.17
UBK 8.67
Al Ahli Bank CSC (Dubai) 50
UBAF Arab American 7
UBAN Arab Japanese Financial 7
59
Arab European Financial
Management SAK
1976
Banque Nationale de Paris 17.5
Sheik Mashaal al-Ahmad al-Jabar al-Sabah 6.5
Ahmad Saleh al-Shaya 6.5
al-Thuwayni Trading Co. 6.5
Hamad Ahmad Abdel-Latif al-Hamad 6.5
Banque Cantrade Ormond Burrus 6.3
Banque Industrial et Mobilization Privee 6.3
Hauch Banquiers Luxembourg 6.3
Union d'Assurances de Paris 7
Ultrafin AG 5
Miscellaneous private holders 25.6
9/
Jun 1980
Arab Financial Consultants Co.
SAK
1975
Private investors from Kuwait 51.5
Gulf International Holdings and other Arab
investors 12.5
Non-Arab institutions 36.0
Arab Trust Co. KSC
1975
Commercial Bank of Kuwait (CBK) 29.8
Youssef Abdelaziz al-Muzaini 25.0
Sheik Ali al-Abdullah al-Salem al-Sabah 10.0
Khaled Abdel-Mohsin al-Mutair 5.0
Abdel-Latif Yousef al-Hamad 4.2
Mahmoud Ahmad al-Gharaballi 4
Sheik Ahmad al-Jabar al-Sabah 3.5
Samuel Montague 10.0
Others 8.5
94/
Dec 1981
Bank of Kuwait and the Middle
East (BKME)
1971
Kuwait Investment Co. (KIC) 1
KFTCIC 1
Kuwait Government 49
Private investors in Kuwait 49
2,652/
Dec 1981
Bank of Bahrain and Kuwait 6.75
Arab International Bank (AIB-Tunis) 4.17
United Bank of Kuwait 3.4
52
Burgan Bank
1975
Government of Kuwait 51
Private investors in Kuwait 49
1,956/
Dec 1981
United Gulf Bank 3.33
Bank of Bahrain and Kuwait 6.75
Arab Co. for Trading Securities 10
Arab Hellenic Bank 5
Kuwait Reinsurance Co. 8.33
Security Group 1
Industrial Bank of Kuwait 8.33
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Arab Bank Data Profiles, by Location (continued)
Bank
Date
Estab.
Shareholders
(percent)
Assets/
Date
Holdings (percent)
Commercial Bank of Kuwait
(CBK)
1961
Private investors in Kuwait 100
5,127/
Dec 1981
Arab Co. for Trading Securities 10
Kuwait and Asia Bank
Pearl Holding (Luxembourg) 20
Arab Trust Co. 29.76
Industrial Bank of Kuwait 4.4
Bank of Bahrain and Kuwait 6.75
Kuwait-Asia Bank (KAB)
Rifbank
United Bank of Kuwait 8.4
FRAB Holding
102
Financial Group of Kuwait
1976
Bamerical International Financial Corp.
(subsidiary of Bank of America) 40
Kuwait Real Estate Bank (KREB) 30
Kuwait Projects Co. 30
123/
Dec 1981
The Gulf Bank KSC
1960
Private investors in Kuwait 100
5,346/
Dec 1981
Bank of Bahrain and Kuwait 6.75
Industrial Bank of Kuwait 4.4
Bateman Eichler Hill Richards (BEHR)
International of London
GIBA Financial Services Ltd. 25
CAII
United Bank of Kuwait 12.6
62
International Financial
Advisers
1974
Musaad Saleh Real Estate 15
Fawzi Hamad Sultan 10
United Fisheries of Kuwait 10
Marzouk Ali Bahar 5
Sheik Abdullah Nassar al Ahmad Sabah 5
Abdulrahman al Bahar and Co. 5
Abdel Ali al Hamad 5
Three Western banks 30
Others 15
NA/NA
Compagnie Financiere d'Ifabanque
(percent NA)
19
144/ Petra Capital Corp. 17
Dec 1981 Bank of Lebanon and Kuwait 3.15
Korea Kuwait Banking Corp. 21
Jordan Gulf Bank 1
Kuwait Projects Co. 3
Corporate Financial Enterprises (USA)
100
Kuwait Investment Co. 1.56
Gulf Medical Projects Co.
 Approved
Kuwait Finance House (KFH)
1977
Kuwait Foreign Trading Con-
tracting and Investment Co.
(KFTCIC)
1965
Kuwait International Finance
1975
Co. (KIFCO)
Kuwait International Invest-
1973
ment Co. (KIIC)
Kuwait Investment Co. (KIC) 1961
Ministry of Justice (Minor's Affairs Department)
1,234/
Bahrain Islamic Bank (percent NA)
9
20
Dec 1981
Ministry of Finance 20
Ministry of AQWAF and Islamic Affairs 9
Private investors in Kuwait 51
Government of Kuwait 80
2,140/
Afro-Arab Co. for Investment and Foreign
142
Private Kuwait investors 20
Dec 1981
Trade 100
Arlabank 12.5
BBK 3.8
BKME 3.8
RIFBANK
UBK 12.6
FRAB Bank International 4
Arab Hellenic Bank 10
Banque Senegalo-Kuwait 50
Arab Brazil Investment Co. 23
Pakistan Kuwait Investment Co. 50
Kuwait Egypt Investment Co. 50
Sudan Kuwait Investment Co. 50
FREIC
Aresbank 30
Oman Development Bank
BCCI Holdings (Luxembourg) SA 49
193/
Others 51
Dec 1979
Private investors from Kuwait 100
638/
Arab Co. for Trading Securities 58.33
69
Dec 1981
Kuwait and Asia Bank
Kuwait Real Estate Investment Consor-
tium (KREIC) 10
Kuwait Real Estate Investment Group
ORYX Investments
Bank of Bahrain and Kuwait 2
Jordan Securities 10
Arab Leasing (Holdings) 3.2
UBK 7.6
Private investors from Kuwait 50
728/
Arab Hellenic Bank 10
Government of Kuwait 50
Dec 1979
Bank of Kuwait and the Middle East
(BKME) 1
KREIC 10
FRAB Holding
Bank of Bahrain and Kuwait 3.75
Hong Kong-based Kuwait-Pacific Finance
Co. 35
CAII
RIFBANK
UBK 14.3
Arab Turkish Bank 20
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Arab Bank Data Profiles, by Location (continued)
Bank
Date
Estab.
Shareholders
(percent)
Assets/
Date
Holdings (percent)
Kuwait Real Estate Bank
(KREB)
1973
Private investors from Kuwait 100
1,392/
Dec 1981
Financial Group of Kuwait 30
Kuwait Real Estate Investment Consor-
tium (KREIC) 10
Kuwait Properties International (KPI) 51
Pearl Holding (Luxembourg) 20
Kuwait Real Estate Investment Group
Kuwait-Asia Bank (KAB)
MISR American International Bank 4.5
National Bank of Kuwait
(NBK)
1952
Private investors from Kuwait 100
6,934/
Dec 1981
Industrial Bank of Kuwait 8.9
NBK Overseas Ltd. 16
BBK 6.75
Wesforth Finance Ltd. (UK)
FRAB Bank International 51
Rifbank SAL
UBK 14.7
European Arab Holdings
NBK First Investment Co. 100
342
United Egyptian Kuwaiti Bank
1977
Private investors from Kuwait 49
Banque du Caire 25
Other private investors from Egypt including
MISR Insurance Co. and private investors from
Kuwait 26
United Gulf Bank
1980
Burgan Bank
Kuwaiti-Jordanian Bank
KIIC
Al-Ghanem and al-Sabah families
Gulf Investment Co.
Bahrain Investment Co.
Pearl Holding Co.
AI-Motawaa family
Al-Rajhli Co.
First Gulf Bank
Sharjah Group
410/
Dec 1981
United Gulf Investments 100
United Trading Group Foreign
Exchange
1970
62/
Mar 1982
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Arab Finance Corp. SAL
1974
Arab Finance Corp. (International) 98
66/
Dr. Shafiq Akhras, Dr. Saeb Jaroudi, Khalil Abu
Dec 1979
Hamad, and Nouhad Nawfal 2
Arab Libyan Tunisian Bank
1973
Libyan Arab Foreign Bank 60
66/
SAL
Societe Tunisienne de Banque 40
Dec 1980
Bank al-Mashrek SAL
1971
Intra Investment Co. SAL 42
215/
J. P. Morgan Overseas Capital Corp. 42
Dec 1979
Kuwait and Qatar and Lebanon 16
Bank of Beirut and the Arab
1957
Tawfiq S. Assaf
218/
Countries SAL
Nashaf Shaikh al-Ard
Jun 1981
41/
Dec 1980
Bank of Credit and Commerce
1956
BCCI Holdings (Luxembourg) SA 100
42/
International (Lebanon) SAL
Dec 1980
Bank of Kuwait and the Arab
1959
Intra Investment Co. SAL
14/
World SAL
Kuwaiti interests
Dec 1976
Bank of Lebanon and Kuwait
1974
Private investors from Kuwait 59.0
45/
SAL
Citibank NA 38.0
Mar 1981
Lebanese private investors 2.5
Others 0.5
Bank of the Near East SAL
1974
International Finance Corp. 20
13/
Compagnie al Henin (Suez Group) 7.5
Dec 1977
Banque Vernes et Commerciale de Paris 2.5
SNA Group 5.2
Arab World 18
Others 46.8
Banque Audi SAL
1962
Georges Oidih Audi, Raymond Oidih Audi, Saudi
473/
UBAN Arab Japanese Finance Ltd. 2.5
2
Hamad al-Homaizi, Arlette Jean Audi, and fam-
Dec 1981
Innvestment Bank for Trade and Finance
ily heirs of Sheik Nasser al-Sabah (percent NA)
Llc
Banque Beyrouth pour le Com-
1961
112/
merce SAL
Dec 1980
Banque de Credit National SAL
1920
NA/NA
I
Banque de Financement SAL
1960
Intra Investment Co. SAL 94
13/
Private investors 6
Dec 1980
Banque de l'Industrie et du
1960
Laura Emile Bustani, Shukri Hanna Shammus,
193/
Travail SAL
Myrna Emil Bustan (percent NA)
Dec 1981
Banque de la Bekaa SAL
1965
Wadih Fakhouri, Shawki Fakhouri, Elie Fak-
8/
houri, Georges Fakhouri, Antoine Fakhouri (per-
Dec 1976
cent NA)
Banque de la Mediterranee
1956
Fidelity Bank
244/
SAL
Banque D-Afaires Franco Arabe SA
Dec 1980
Shajka Lulua Fahd al-Sabah,
Private investors (percent NA)
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 Approved For Release 2008/10/30: CIA-RDP83BOO851 R000200190002-3
Arab Bank Data Profiles, by Location (continued)
Bank
Date
Estab.
Shareholders
(percent)
Assets/
Date
Holdings (percent)
Banque du Credit Populaire
SAL
1962
Kairouz Trust Co., Joe Ignace Kairouz, Khatchik
Babikian, Antoine Feghali, Habib Kairouz,
Nadim Demeshkieh, Union Nationale, Joseph
Gholam (percent NA)
222/
Dec 1981
Syro-Lebanses Commercial Bank 10
2
Banque du Liban et d'Outre-
Mer SAL
1951
Phillipe Takla
Schmidheiny of Switzerland
Banque de l'Indochine et de Suez
al-Shaker family
Hussain Oueini family (percent NA)
658/
Dec 1980
Compagnie Arabe d'Investissement Inter-
nationaux (CAII)
Banque de 1'Orient et d'Outre-Mer
(BANORABE)
NA
Banque G Trad-Credit Lyon-
1951
Groupe Trad 55
164/
1
Banque Libanaise pour le Com-
merce SAL
1950
253/
Dec 1980
Banque Misr-Liban SAL
1930
Bank MISR 80
Others 20
NA/NA
European Arab Holdings (percent NA)
Banque Tohme SAL
1919
Tohme family 100
70/
Dec 1980
2
Beirut Riyad Bank SAL
1959
310/
Dec 1981
Credit Libanais SAL
1961
Beshara Obegi, Henri Obegi, Negib Boulos,
Yervant Emekji, Edmond Dallai, Emir Samir
Abillama, Joseph Moussalli, Khatchig Babikian,
Michel Tamaz (percent NA)
346/
Dec 1980
Bank of the Arab Coast 40
European Arab Holdings
Federal Bank of Lebanon SAL
1952
Michel A. Saab, Avoub Farid M. Saab, Fahdi M.
Saab, Isabele M. Saab, Andre Atamian (percent
NA)
64/
Dec 1979
Intra Investment Co. SAL
1971
Government of Kuwait 19.0
Government of Qatar 3.2
Government of Lebanon 10.0
Banque de Liban 27.8
Commodity Credit Corp. 6.5
Others 33.5
77/NA
Bank al-Marshek 42
Bank of Kuwait and the Arab World
Banque de Financements SAL 94
Jammal Trust Bank SAL
1971
Ali a Jammal, Fawzi Bardawil, Joseph Abu-
Khater
110/
Dec 1980
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 Lebanese Arab Bank SAL
1973
Jean Torbey, Francis Abu-Jaoudi, Edouard
Karem, Elias Georges al-Khouri, Fakhri
Mansour, Ghanem Raad, Edward Ashcar (percent
NA)
54/
Dec 1980
Lebanese Arab Bank (France) 20
1
Middle East Banking Co. SAL
(MEBCO)
1959
Lebanese and other businessmen 100
163/
Dec 1980
Rifbank SAL
1965
Commerzbank AG
Commercial Bank of Kuwait SAK
Kuwait Investment Co. SAK (KIC)
Kuwait Foreign Trading, Contracting, and Invest-
ment Co. (KFTCIC)
National Bank of Kuwait SAK (percent NA)
54/
Dec 1979
Syro-Lebanese Commercial
Bank SAL
1974
Banque de Credit Populaire 10
Commercial Bank of Syria 84.5
Syrian Insurance Co. 5
United Bank of Lebanon and
Pakistan SAL
1964
United Bank Ltd. 74.6
Anis Yassine, Edward Karem, Sr. Salim Maq-
soud, Saleh Bourji, Abdel-Rahman Sharbatli 25.4
75/
Dec 1980
1,921/
Dec 1980
3
Libyan Arab Foreign Bank
(LAFB)
1972
Central Bank of Libya 100
1,918/
Dec 1980
Banque Arabe Libyenne-
Mauritanienne 51
Togolaise 50
Nigerienne 50
Pour le Commerce
Arab Hellenic Bank 30
Arlabank 12.5
Arab Bank for Investment and Foreign
Trade 33.3
Aresbank 30
BIA 50
UBAE 7
UBAN 7
UBAF Bank 25
Arab Jordan Investment Bank 10
Arab Turkey Bank 40
Arab Libya Tunisia 60
3,644/
Dec 1980
European Arab Holdings
1,159/
Mar 1980
2,600/
Dec 1980
2
Wahda Bank
1970
Government of Libya 100
2,600/
Dec 1980
6
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 Approved For Release 2008/10/30: CIA-RDP83BOO851 R000200190002-3
W
Arab Bank Data Profiles, by Location (continued)
Date
Estab.
Shareholders
(percent)
Assets/
Date
Beirut Riyad Bank
Investment Promotion Group
Bank of Tokyo
Manufacturers Hanover Trust
International Finance Corp.
Private Arab investors from Saudi Arabia and
Kuwait and Gulf states
Al Saudi Banque 7.5
Arab Finance Corp. (Lebanon) 98
Arab Real Estate Finance and Investment
Co. 34
Saudi Arab Finance Corp. 15
Saudi Finance Corp. 10
Arab International Trust SA
1977
Bank of Montreal 30
Sultan al-Qassimi, Hamad al-Sharki, Khalifah
Bin Zayed al-Nahayyan, Faisal Bin Sultan al-
Qassimi, Khaled Bin Hamad al-Thani, Ali Shor-
afa Hammadi, Talab Chalabi, Faisal Massoud al-
Fuheid, Sultan Ahmad al-Haddad, Abdel-
Rahman Mannai, Middle Eastern Holdings Co.
International Resources and Finance
Bank 100
Arab Multinational Finance Co.
SA
1974
AAIB 36.1
KREIC 8.4
Blue Sea Co. 5.8
Arab European International Trading Co. 5.4
Mussaad al-Saleh Real Estate 4.0
Al-Gosaibi and Brothers 4.0
W. J. Towell Agencies 2.9
Ahmad Ali Amoudi 3.6
Ghanim Ali Thani 2.8
0. Zawawi 3.6
E. al-Azim 3.0
Others 20.4
19/
May 1980
Bank of Credit and Commerce
International (BCCI) SA
1974
BCCI Holdings (Luxembourg) SA 100
5,000/
Dec 1980
Kuwait International Finance Co. 49
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BCCI Holdings (Luxembourg)
SA
1974
International Credit and Investment Co. 35.4
Private Arab investors from Saudi Arabia, Kuwait
and the UAE 36.2
Sheikh Zayed (President of the UAE) 17
Thesaurus Continental Securities Corp. 11.4
7,300/
Dec 1981
BCCI-Luxembourg
Cayman Islands
Canada
Lebanon
Zambia
Finance International (Hong Kong)
Swaziland
Zimbabwe
Cameroon
Nigeria
Kuwait International Finance Co. 49
Banque de Commerce Geneva 70
Hong Kong Metropolitan Bank 51
National Bank of Oman 29
Byblos Arab Financing Holding
SA
1975
Compagnie Arabe et Interna-
tionale d'Investissement (CAII)
1973
Kuwaiti banks and investment companies
Libyan banks
NCB-Jeddah
API Corp.
Sudanese and Tunisian banks
United Arab Emirates and Qatar banks
Banque du Liban et d'Outre-mer
Private Gulf investors
Western banks 50
2,749/
Dec 1980
BAII (Middle East) Inc. 100
BAII (Paris) 100
BAII (Panama) 100
BAII Incorp. EC 100
Dean Witter Reynolds
Gulf Bank
Bank of Kuwait and Middle East
Kuwait Investment Co.
50
European Arab Holding SA
1972
Credit Libanais 1.1
Syria 2
Western banks 50
Other Arab 1.9
Banque Nationale d'Algerie 4.2
National Bank of Egypt 4.4
NCB (Saudi Arabia) 4.4
NCB (Libya) 4.4
Oman 2.2
Banque Libanaise pour le Commercial 1.1
Banque MISR-Liban 1.1
Others 16.1
2,118/
Dec 1981
European Arab Bank (Brussels) 100
European Arab Bank (Middle East) 100
European Bank GMBH (Frankfurt) 100
Arlabank 1.5
First Arabian Corp.
1973
Roger Tamraz (majority)
Adham Kamal (primary backer) (percent NA)
1,102/
Dec 1979
Bank of Commonwealth of Detroit 76.7
MISR American International Bank 4.5
FRAB Bank International
80
1974
Kuwait Investment Co. (KIC)
KFTCIC
Commercial Bank of Kuwait (CBK)
Five Western banks (percent NA)
NA/NA
European Arab Holdings 10.2
FRAB Bank International
27
International Resources and
Finance Bank SA
1977
Arab International Trust 100
International Trade and Invest-
ment Bank SA
1978
Middle East Financial Group 91
Societe Generale de Banque 9
337/
Dec 1980
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Arab Bank Data Profiles, by Location (continued),
Bank
Date
Estab.
Shareholders
(percent)
Assets/
Date
Holdings (percent)
Mediterranne Investors Group
SA
NA
Sunshine Mining Co.
Saudi, Kuwait, Abu Dhabi,
Lebanese, and Syrian investors
NA/NA
Banque d' Affaires Franco Arabe SA
(BAFA) 100
20
Saudi Arab Finance Corp.
NA
Arab Finance Corp. (International) 15
Saudi private investors 85
55/
Feb 1980
Al Saudi Banque 75
Union Bank of the Middle East Ltd. 9.4
Saudi Finance Corp. (SAUDIFIN) 40
UBAE Arab German Bank
1973
Arab Bank Ltd.,
Arab Bank Ltd. (overseas), and
UBIC Nederland BV 37.4
Union de Banque Arabes et Francaise (UBAF)
37.45
Three German banks 25.1
564/
Dec 1980
UBAF Financial Services Ltd. 2.5
UBAF Arab American Bank 0.5
UBAF Group Holding (Panama) 15
13
itania
M
aur
Banque Arabe Libyenne Mauri-
tanienne pour le Commerce
re
i
t
E
1972
Libyan Arab Foreign Bank (LAFB) 51
Government of Mauritania 49
68/
Jun 1980
er
eu
x
co
M
oroc
Arab Bank Maroc SA
1975
Banque Centrale Populaire 50
Arab Bank Ltd. 50
49/
Dec 1980
nds
l
th
N
er
a
e
Al Ahli Kuwait Holdings BV
1978
Al Ahli Kuwait International Holdings NV 100
4/
Jun 1980
UBAC Nederland BV
1978
UBAC Curacao NV 100
NA/NA
UBAF 60 represent Arab shareholders
NA
UBIC Nederland BV
1978
UBIC Curacao NV 100
NA/NA
UBAE Arab German Bank 37.45
UBAF Arab American Bank 12
UBAF Bank Ltd 50
UBAN Arab Japanese Finance Ltd 15
UBAE Arab Italian Bank 51
NA
Antilles
d
l
h
N
an
s
er
et
Abu Dhabi International Bank
DIB
1980
National Bank of Abu Dhabi 100
NA/NA
)
(A
Al Ahli Kuwait International
1978
Al Ahli Bank of Kuwait 100
1/
Jun 1980
Al Ahli Kuwait Holdings BV 100
NEGL
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UBAC Curacao NV
1978
Banks representing the governments of Algeria,
Kuwait, Egypt, Iraq, Jordan, Libya, Mauritania,
Morocco, Oman, Qatar, South Yemen, Saudi
Arabia, Somalia, Sudan, Tunisian, UAE, and
North Yemen as well as some private Arab Banks
(percent NA)
NA/NA
UBAC Nederland BV 100
UBIC Curacao NV
1978
UBAF of France 100
NA/NA
UBIC Nederland BV 100
Oman
al-Bank al-Ahli al-Omani SAO
1976
Societe Generale 20
Private investors in Oman 80
92/
Dec 1981
Bank of Oman and the Gulf
SAO
1978
Private investors in Oman 51
Private investors in UAE 49
17/
Dec 1980
Bank of Oman, Bahrain, and
Kuwait SAO
1974
Private investors in Oman 51
Bank of Bahrain and Kuwait BSC 49
115/
Dec 1981
Commercial Bank of Oman Ltd
1975
United Bank Ltd 49
Others 51
80/
Apr 1981
National Bank of Oman Ltd
SAO
1973
BCCI Holdings SA 29
Bank of America 20
Private investors in Oman 51
523/
Dec 1981
Oman Arab African Bank
1979
Arab African International Bank (AAIB) 60
Private investors in Oman 40
NA/NA
Union Bank of Oman OSC
1976
Omani nationals 51
Kuwaiti and other Arab nationals 49
62/
Dec 1981
Panama
UBAF Group Holdings
(Panama) SA
1979
Union de Banques Arabes et Francaises
(USAF) 70
UBAF Bank Ltd 15
UBAE Arab German Bank 15
NA/NA
Peru
Arab Latin American Bank
(Arlabank)
1977
KFTCIC 12.5
LAFB 12.5
ABC 10.0
ADIA 5.0
ARESBANK 5.0
AIB 2.5
BIA 2.5
NCB, Jeddah 2.5
Riyad Bank 2.5
UBAF Group Holding (Panama) 2.5
European Arab Holding SA 1.5
NBB 1.0
17 Latin American banks 40.0
1,550/
Dec 1981
Banco Latino Americano de Exportaciones
SA (BLADEX)
Panama 1.21
125
Commercial Bank of Qatar
1975
125/
Apr 1981
8
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Arab Bank Data Profiles, by Location (continued)
Bank
Date
Estab.
Shareholders
(percent)
Assets/
Date
Holdings (percent)
Doha Bank Ltd.
1979
Qatar Flour Mills Co.
Qatar National Navigation and Transport
Co. Ltd.
Qatar Insurance Co. Ltd.
Al-Khalij Insurance Co. Ltd.
Private Arab investors (percent NA)
200/
Dec 1981
Qatar National Bank
1965
Government of Qatar 50
Qatari nationals 50
1,542/
Dec 1981
Arab Jordan Investment Bank 10.7
Compagnie Arabe et Internationale
D'Investissement (CAII)
Gulf and Occidental Investment Co. 25
11
Al-Bank al-Saudi al-Fransi
1977
Banque de l'Indochine and de Suez (France) 40
Saudi nationals 60
1,840/
Dec 1981
Banco Saudi Espanola (Saudesbank) 5
118
Al-Bank al-Saudi al-Hollandi
1977
Algemene Bank Nederland 40
Saudi Co., founders and private investors in Saudi
Arabia 60
1,604/
Dec 1981
Arab National Bank
1979
Private investors in Saudi Arabia 60
Arab Bank Ltd. 40
1,248/
Dec 1981
Bank al-Jazira
1976
Private investors in Saudi Arabia 65
National Bank of Pakistan 35
932/
Dec 1981
Al Bahrain Arab African Bank (ALBAAB)
0.13
Arab African International Bank (AAIB) 1
Saudi Investment Banking Corp. 5
Banco Saudi Espanola (Saudesbank) 5
64
National Commercial Bank
(NCB)
1938
Bin-Mahfouz family 51.5
Abdel-Aziz Kaki 26
Saleh Musa Kaki and Abdullah Musa
Kaki families 22.5
12,171/
Oct 1981
Saudi National Commercial Bank 100
Saudi Investment Banking Corp. 8
European Arab Holdings
586
Riyad Bank
1957
Saudi Arabian Monetary Agency 38
Other Saudi Arabian investors 62
7,345/
Dec 1981
Gulf Riyad Bank 60
Arlabank 2.5
UBAN Arab Japanese Finance Ltd. 5
Saudi Investment Banking Corp. 8
Banco Saudi Espanola 15
Saudi International Bank 2.5
Saudi American Bank
1980
Private investors in Saudi Arabia 60
Citibank 40
2,130/
Dec 1981
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cUn
Saudi Arabian Investment
Co.
1973
Ahmad a al-Maghranbi,
Prince Mohammad F. Bin Abdel-Aziz,
Prince Abdullah M. B. Abdel Rahman,
Sheik Mohammad al-Badrawi (percent NA)
NA/NA
Bond Fund
NA
Saudi British Bank
1978
Private investors in Saudi Arabia 60
British Bank of the Middle East (BBME) 40
1,494/
Dec 1981
Banco Saudi Espanola (Saudesbank) 5
126
Saudi Cairo Bank
1979
Banque du Caire 40
Prince Khaled Bin Turki al-Turki,
Sheik Abdullah Mohammad Ali al-Dubbagh,
Sheik Abdel-Rahman al-Hulaisi,
Sheik Ali Hussain Shubukshi,
Sheik Hasan Hussain Shata,
Sheik Mohammad al-Abdel-Aziz al-Omair, 60
2,434/
Dec 1981
94
Saudi Investment Banking
Corp. (SIBC)
1976
Chase Bank 20
General Organization for Social Security 8
National Commercial Bank 8
Riyad Bank 8
Bank al-Jazira Ltd. 5
Commerzbank AG 5
Industrial Bank of Japan 5
J. Schroder Wagg and Co. 5
Private investors in Saudi Arabia 36
1,430/
Dec 1981
United Saudi Commercial Bank
(USCB)
1982
Private investors in Saudi Arabia 60
Saudi International Bank 10
United Bank of Pakistan 10
Banque du Liban et d'Outre-Mer 10
Bank Melli Iran 10
Banque Senegalo-Koweitienne
1974
KFTCIC 50
El Hadj Babacar Kebe 30
Senegal Government 20
58/
Sep 1979
Banco Arabe Espanol SA
(ARESBANK)
1975
Libyan Arab Foreign Bank (LAFB) 30
KFTCIC 30
Six Spanish banks 40
1,690/
Dec 1981
Arab Latin American Bank (Arlabank) 5
Arestrade 100
Banco de la Exportation SA BANEX
21
Banco Saudi Espanol SA
(Saudesbank)
1979
NCB, Jeddah 15
Riyad Bank 15
Al-Bank al-Saudi al-Fransi 5
Al-Bank al-Saudi al-Hollandi 5
Saudi British Bank 5
Bank al-Jazira Ltd. 5
Spanish banks 50
257/
Dec 1981
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Arab Bank Data Profiles, by Location (continued)
Bank
Date
Estab.
Shareholders
(percent)
Assets/
Date
Holdings (percent)
Faisal Islamic Bank (Sudan)
1977
Prince Mohammad al-Faisal 0.4
Prince Saud Ibn Fahd 0.1
Sheik Adil Azzam 0.2
Azim Azzam 0.2
Said Ahmad Lutah 0.2
Sudan Ministry of Affairs 0.2
Others 98.8
75/
Dec 1980
353/
Dec 1980
Bank for Saudi-Swiss Trade and
Finance
1979
Saudi Arabian investors
Union Bank of Switzerland
Banque de Commerce et de
Placements
1963
BCCI Holdings (Luxembourg) 70
Union Bank of Switzerland 15
Banco di Napoli 15
139/
Dec 1979
Commercial Bank of Syria
1967
Government of Syria 100
3,148/
Jun 1981
Syro-Lebanese Commercial Bank 84.5
13
Banque Arabe Libyenne
Togolaise du Commerce Exter-
ieur
1976
Togo Government 50
LAFB 50
20/
Jul 1979
Arab Bank Tunisie (ABT)
1982
Arab Bank 60
Tunisian investors 40
Bank of Maghreb Arab Cooper-
ation (Tuniso-Algerian)
1981
Emirates-Tunis Bank
1982
Tunisia
United Arab Emirates
Tuniso-Kuwaiti Development
Bank
1981
Tunisia 50
Kuwait 50
Tuniso-Saudi Investment and
Development Bank
1981
Tunisia 50
Saudi Arabia 50
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Arab Turkish Bank
1977
Libyan Arab Foreign Bank 40
Kuwait Investment Co. SAK 20
Turkiye is Bankasi 20
Anadolu Bankasi 20
Emek Turistik Tesisler 2 shares
132/
Dec 1981
Libyan Arab Uganda Bank
for Foreign Trade and
Development
1972
LAFB 51
Uganda Government 49
142/
Dec 1977
Abu Dhabi Investment Co.
(ADIC)
1977
Abu Dhabi Investment Authority (ADIA) 60
National Bank of Abu Dhabi 10
Private investors in UAE 30
405/
Dec 1978
Al Ahli Bank CSC
1969
Al Ahli Bank of Kuwait 50
Jordan National Bank SA 25
Credit Lyonnais 25
Arab Bank for Investment and
Foreign Trade (ABIFT)
1975
Banque Exterieure d'Algerie 33.4
Libyan Arab Foreign Bank (LAFB) 33.3
UAE Government 33.3
435/
Dec 1979
Arab Emirates Investments Ltd.
1976
Private investors in UAE 100
15/
Dec 1978
Bank of Oman Ltd.
1967
Al-Ghurair Group and family 100
1,700/
Dec 1981
Oman International Finance Ltd. 100
44
Bank of Sharjah Ltd.
1973
Government of Sharjah 10.0
Mubarak Abdel-Aziz al-Hasawi 30.0
Banque de Paris et de Pys-Bas 20.0
Investment Trading Co. 10.0
Abdel-Rahman Bukhatir 6.7
Private investors in UAE 23.3
83/
Dec 1980
Bank of the Arab Coast (Dubai)
1975
Sheik Khaled Bin Saqr al-Qasimi 43.5
Sheik Sultan Bin Saqr al-Qasimi 7.5
Credit Libanais 40.0
Banque Europeenne pour le Moyen Orient
(France) 9.0
62/
Dec 1981
Commercial Bank of Dubai Ltd.
(CBD)
1969
Private investors in UAE 100 (A group of UAE
businessmen have taken 86% interest.)
216/
Dec 1980
Dubai Bank Ltd.
1970
Wells Fargo Bank 10
Credit Suisse 10
Banque de l'Union Europeenne 5
Private investors in UAE 75
886/
Dec 1981
Khalij Commercial Bank Ltd. 15
14
Dubai Islamic Bank
1975
Government of Kuwait 10
Government of Dubai 10
Private investors in UAE 80
95/
Dec 1980
Emirates Commercial Bank
Ltd.
1975
Private investors in UAE 100
289/
Dec 1980
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Arab Bank Data Profiles, by Location (continued)
Bank
Date
Estab.
Shareholders
(percent)
Assets/
Date
Holdings (percent)
Emirates National Bank Ltd.
1978
Al-Ghurair family and other private investors 100
93/
Dec 1980
Federal Commercial Bank Ltd.
1978
Emirates rulers and cabinet ministers 51
271/
Private investors in UAE 49
Dec 1981
213/
Dec 1981
Investment Bank for Trade and
1976
Sheik Saqr Bin Mohammad al-Qasimi
124/
Finance LLC
Said T. Khouri
Dec 1979
Banque Audi Sal
Investment and Finance Bank
Sheik Abdullah Mohammad
al-Qasimi
Yusri Dweik
Jamil Chammas
Khalij Commercial Bank Ltd.
1975
Dubai Bank Ltd. 15
591/
Private investors in UAE 85
Dec 1980
Middle East Bank Ltd.
1976
Majid Mohammad al-Futtaim 51
745/
Middle East Finance International Ltd. 25
37
Muslim Commercial Bank Ltd. 20
Jun 1981
Private investors in UAE 29
National Bank of Abu Dhabi
1968
Abu Dhabi Investment Authority 65.6
4,777/
UBAN Arab Japanese Finance Ltd. 5
458
(NBAD)
Private investors in UAE 29.9
Dec 1981
Abu Dhabi Investment Co. 10
Other Arab investors 4.5
Abu Dhabi International Bank 100
UBAF Arab American Bank 7
National Bank of Dubai Ltd.
1963
National Bank of Kuwait (NBK)
1,284/
(NBD)
Gindlays Bank Ltd.
Dec 1981
Bank of America NT and SA
Private investors in UAE (percent NA)
National Bank of Ras-
1977
Government of Ras-al-Khaimah 30
65/
al-Khaimah PSC
Sheik Khalid Bin Saqr al-Qasimi 5
Dec 1981
Hill Samuel and Co. 10
Private investors in UAE 35
Private investors in Kuwait 20
National Bank of Sharjah
1976
Government of Sharjah 10
307/
Mitsui Bank Ltd. 5
Dec 1981
Credit Suisse 5
Hambros Bank Ltd. 5
Banque Nationale de Tunisie 3
Others 72
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W
Umm al-Qaiwain National
Bank (UAQNB)
1982
Union Bank of the Middle East
Ltd.
1977
Abdel-Wahhab Bin Ibrahim Galadari 51
Abdullah Hasan Rostamani 14
Saudi Arab Finance Corp. SA 9.4
Other Arab investors 25.6
1,337/
Dec 1981
United Arab Bank
1975
Societe Generale 20
Private investors in UAE 80
133/
Dec 1981
United Kingdom
Allied Arab Bank Ltd.
1977
Al-Mubarakah Finance Holding Co.
(Luxembourg) 51.0
Barclays Bank International Ltd. 20.0
Al-Tajir Ltd. 20
Al-Hamdoulilah Finance Foundation
(Luxembourg) 6.5
Sanctuary Investment Ltd. (Cayman Islands) 2.5
555/
Dec 1981
Arab Bank Investment Co. Ltd.
(ABIC)
1974
Arab Bank Ltd. 100
NA/NA
I
European Arab Bank Ltd.
1976
European Arab Holdings SA 100
282/
Dec 1979
Jordan Securities 5
Saudi International Bank
(Al-Bank al-Saudi al-Alami
Ltd.)
1975
Saudi Arabian Monetary Agency (SAMA) 50.0
National Commercial Bank (Saudi Arabia) 2.5
Riyad Bank Ltd. 2.5
Morgan Guaranty 20.0
Other Western banks 25.0
3,875/
Dec 1981
Saudi International Bank (Nassau)
Saudi International Bahamas Ltd.
Saudi International Investment Manage-
ment (Cayman Islands)
120
UBAF Bank Ltd.
1972
UBIC Nederland BV 50
Libyan Arab Foreign Bank (LAFB) 25
Midland Bank Ltd. 25
719/
Dec 1981
MISR International Bank 8.5
UBAF Financial Services Ltd. 7.5
UBAF Arab American Bank 0.5
UBAF Group Holdings (Panama) 15
47
UBAF Financial Services Ltd.
1974
UBAF 25.0
Industrial Bank of Kuwait 10.0
UBAF Bank Ltd. 7.5
UBAE Arab Italian Bank 2.5
UBAN-Arab Japanese Finance Ltd. 2.5
UBAE Arab German Bank SA 2.5
Three Western banks 50
United Bank of Kuwait (UBK)
1966
KIC 14.3
Al Ahli Bank of Kuwait 8.6
Commercial Bank of Kuwait 12.6
Gulf Bank 12.6
NBK 14.9
KFTCIC 12.6
BKME 8.4
KIIC 7.6
Burgan Bank 8.4
898/
Dec 1980
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Arab Bank Data Profiles, by Location (continued)
Date
Estab.
Shareholders
(percent)
Assets/
Date
Holdings (percent)
Bank of the Commonwealth of
Detroit
1916
First Arabian Corp. 77
Others 23
1,020/
Dec 1980
Financial General Bankshares
(FGB)
NA
Kamal Adham
Faisal Saud al-Fulaij
Abdullah Darwish
Other Middle East investors through Credit and
Commerce America Holdings (percent NA)
2,300/
NA
Holds 100 percent of all:
Community State Bank
Valley National Bank
First American Bank of District of Colum-
bia
First American Bank of Virginia
First American Bank of Maryland
Valley Fidelity Bank and Trust
Shenandoah Valley National Bank
First National Bank of Lexington
Peoples National Bank of Leesburg
Round Hill National Bank
Eastern Shore National Bank
Lincoln National Bank
Community State Bank
NA
Financial General Bankshares ?100
65/
Dec 1981
Eastern Shore National Bank
NA
Financial General Bankshares 100
41/
Dec 1981
First American Bank of the
District of Columbia
NA
Financial General Bankshares 100
558/
Dec 1981
First American Bank of Mary-
land
NA
Financial General Bankshares 100
269/
Dec 1981
Lincoln National Bank of Gaithersburg
21
First American Bank of
Virginia
NA
Financial General Bankshares 100
836/
Dec 1981
First National Bank of
Lexington
NA
Financial General Bankshares 100
11/
Dec 1981
Great Western Bank and Trust
Co.
NA
K.A.M. al Babtain 100 (a Kuwaiti)
NA/NA
Lincoln National Bank
NA
Financial General Bankshares through Maryland
First American Bank of Maryland 100
NA/NA
National Bank of Georgia
1911
Ghaith Pharaon 98.3
Others 1.7
438/
Dec 1980
Peoples National Bank of
Leesburg
NA
Financial General Bankshares 100
39/
Dec 1981
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Petra Capital Corp.
1978
Al-Barouk Co.
A. W. Galadari Holdings (private) Ltd.
William G. Haddad
William A. Hanna
International Development Corp.
Kuwait Finance Center
Peter J. Tanous
Rolaco Holdings SA
18/
Dec 1981
Shenandoah Valley National
Bank
NA
Financial General Bankshares 100
73/
Dec 1981
UBAF Arab American Bank
1976
UBIC Nederlands BV 12.0
11 Arab banks in UBAF 68.5
UBAE Arab German Bank 0.5
UBAE Arab Italian 0.5
UBAF Bank Ltd. 0.5
UBAN Arab Japanese Finance Ltd. 0.5
Four US banks 17.5
1,027/
May 1981
Valley Fidelity Bank and Trust
Co.
NA
Financial General Bankshares 100
177/
Dec 1981
Valley National Bank
58/
Dec 1981
European Arab Bank GMBH
1972
European Arab Holdings 100
216/
Dec 1979
International Bank of Yemen
1980
Yemen Bank for Reconstruction and
Development 25
Bank of America 20
Khalid Ibn Mahfouz 20
Sulaiman al-Rajhi 5
Shaher Abdel-Hak 10
Hail Said family 8
Private Arab investors 12
26/
Dec 1981
Yemen Bank for Reconstruction
and Development
NA
559/
Dec 1980
UBAF 0.5
UBAN Arab Japanese Finance Ltd. 10
Banque de Commerce et de l'Industria
(Djibouti) 15
Industrial Bank of Yemen 5
International Bank of Yemen 25
Yemen Kuwait Real Estate Development
Co. 12.5
Yemen Kuwait Bank for Trade and Invest-
ment 7.5
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Arab Bank Data Profiles, by Location (continued)
Yemen Kuwait Bank for Trade 1980
and Investment YSC
Sources: Bank directories, periodicals, and Department of State
cables.
Note: Includes all banks, bank holding companies, and investment
companies engaged in commercial, investment, merchant, and
Islamic banking activities, that are at least 50-percent Arab owned.
Where exact ownership percentages are unknown, 50 percent or
more of capital stock is included as Arab owned. Where exact
ownership percentages are unknown, inclusion is based on inferences
drawn from various publications. Holdings may not be inclusive.
Paid-in capital, assets, and holdings information, where available,
are from the years 1980 or 1981.
Financial data provided by Middle East Financial Directory 1981
and other sources. Foreign currency asset figures were converted
using the exchange rates for the month and year they represent.
Capital figures were converted into US dollars using December 1981
exchange rate.
202/
Dec 1980
487/ 4
Dec 1980
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